Sanibel Captiva Trust Company Inc. Lowers Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Sanibel Captiva Trust Company Inc. trimmed its position in Invesco Preferred ETF (NYSEARCA:PGX) by 4.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,025 shares of the company’s stock after selling 8,130 shares during the quarter. Sanibel Captiva Trust Company Inc. owned approximately 0.05% of Invesco Preferred ETF worth $2,143,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bernard Wealth Management Corp. bought a new position in shares of Invesco Preferred ETF in the fourth quarter worth approximately $26,000. Kentucky Trust Co bought a new position in shares of Invesco Preferred ETF in the fourth quarter worth approximately $36,000. Roxbury Financial LLC bought a new position in shares of Invesco Preferred ETF in the fourth quarter worth approximately $42,000. Tower Research Capital LLC TRC increased its position in shares of Invesco Preferred ETF by 52.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,940 shares of the company’s stock worth $45,000 after purchasing an additional 1,360 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL increased its position in shares of Invesco Preferred ETF by 42.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 4,027 shares of the company’s stock worth $46,000 after purchasing an additional 1,191 shares during the last quarter.

Invesco Preferred ETF Stock Performance

PGX stock opened at $11.05 on Wednesday. The company’s 50 day moving average is $10.99 and its 200 day moving average is $11.40. Invesco Preferred ETF has a 1-year low of $10.70 and a 1-year high of $12.54.

Invesco Preferred ETF 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.