Madrona Financial Services LLC Sells 18,180 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Madrona Financial Services LLC reduced its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 31.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 38,992 shares of the company’s stock after selling 18,180 shares during the period. Invesco Preferred ETF comprises 0.5% of Madrona Financial Services LLC’s holdings, making the stock its 28th largest position. Madrona Financial Services LLC’s holdings in Invesco Preferred ETF were worth $570,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Winslow Evans & Crocker Inc. purchased a new position in shares of Invesco Preferred ETF during the 1st quarter worth $26,000. FMR LLC increased its holdings in shares of Invesco Preferred ETF by 517.1% in the 1st quarter. FMR LLC now owns 2,018 shares of the company’s stock worth $29,000 after buying an additional 1,691 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Invesco Preferred ETF during the 1st quarter worth about $30,000. Whittier Trust Co. boosted its stake in shares of Invesco Preferred ETF by 3,191.9% during the 1st quarter. Whittier Trust Co. now owns 2,436 shares of the company’s stock worth $35,000 after purchasing an additional 2,362 shares during the period. Finally, Gradient Investments LLC purchased a new position in shares of Invesco Preferred ETF during the 2nd quarter worth about $54,000.

Shares of NYSEARCA:PGX traded down $0.10 during trading hours on Monday, hitting $14.82. The company’s stock had a trading volume of 37,234 shares, compared to its average volume of 2,044,057. Invesco Preferred ETF has a 52 week low of $13.12 and a 52 week high of $14.96. The company’s fifty day moving average is $14.76.

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.

Read More: Outstanding Shares and The Effect on Share Price

Want to see what other hedge funds are holding PGX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Preferred ETF (NYSEARCA:PGX).

Institutional Ownership by Quarter for Invesco Preferred ETF (NYSEARCA:PGX)

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