Transcend Capital Advisors LLC Sells 35,712 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Transcend Capital Advisors LLC reduced its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 20.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,143 shares of the company’s stock after selling 35,712 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Invesco Preferred ETF were worth $1,562,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gradient Investments LLC raised its position in shares of Invesco Preferred ETF by 102.9% in the fourth quarter. Gradient Investments LLC now owns 2,755 shares of the company’s stock valued at $32,000 after purchasing an additional 1,397 shares during the period. Fortitude Family Office LLC bought a new position in shares of Invesco Preferred ETF in the fourth quarter valued at about $32,000. Wetzel Investment Advisors Inc. bought a new position in shares of Invesco Preferred ETF in the fourth quarter valued at about $34,000. Capital Analysts LLC raised its position in shares of Invesco Preferred ETF by 91.4% in the fourth quarter. Capital Analysts LLC now owns 3,465 shares of the company’s stock valued at $40,000 after purchasing an additional 1,655 shares during the period. Finally, Trifecta Capital Advisors LLC bought a new position in shares of Invesco Preferred ETF in the fourth quarter valued at about $69,000.

Invesco Preferred ETF Price Performance

Shares of PGX remained flat at $11.40 during trading hours on Friday. 4,299,175 shares of the stock traded hands, compared to its average volume of 3,812,070. The stock has a 50 day moving average price of $11.77 and a two-hundred day moving average price of $11.42. Invesco Preferred ETF has a 52 week low of $10.14 and a 52 week high of $12.06.

Invesco Preferred ETF Company Profile

The PowerShares Preferred Portfolio (Fund) is based on The BofA Merrill Lynch Core Fixed Rate Preferred Securities Index (Index). The Fund normally invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to replicate the total return of a diversified group of investment-grade preferred securities.