Brighton Securities CORP. Sells 121,782 Shares of Invesco Preferred ETF $PGX

Brighton Securities CORP. lessened its position in Invesco Preferred ETF (NYSEARCA:PGX) by 44.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 153,110 shares of the company’s stock after selling 121,782 shares during the quarter. Invesco Preferred ETF makes up about 0.8% of Brighton Securities CORP.’s investment portfolio, making the stock its 16th largest holding. Brighton Securities CORP.’s holdings in Invesco Preferred ETF were worth $1,721,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Triumph Capital Management purchased a new position in Invesco Preferred ETF during the 3rd quarter valued at about $29,000. Ransom Advisory Ltd purchased a new stake in Invesco Preferred ETF in the fourth quarter worth about $31,000. Bayban bought a new position in shares of Invesco Preferred ETF during the fourth quarter valued at approximately $52,000. International Assets Investment Management LLC bought a new position in shares of Invesco Preferred ETF during the fourth quarter valued at approximately $55,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Invesco Preferred ETF by 93.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,003 shares of the company’s stock valued at $67,000 after purchasing an additional 2,903 shares during the last quarter. 8.60% of the stock is owned by hedge funds and other institutional investors.

Invesco Preferred ETF Stock Performance

PGX stock opened at $10.99 on Friday. The firm has a 50 day moving average price of $11.06 and a 200-day moving average price of $11.20. Invesco Preferred ETF has a 52-week low of $10.84 and a 52-week high of $11.92.

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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.