Huntington National Bank lowered its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,279,648 shares of the company’s stock after selling 52,327 shares during the quarter. Huntington National Bank’s holdings in Invesco Preferred ETF were worth $14,383,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new stake in Invesco Preferred ETF during the third quarter worth approximately $29,000. Ransom Advisory Ltd acquired a new stake in Invesco Preferred ETF during the fourth quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new stake in Invesco Preferred ETF during the fourth quarter worth approximately $55,000. EverSource Wealth Advisors LLC raised its holdings in Invesco Preferred ETF by 93.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,003 shares of the company’s stock worth $67,000 after purchasing an additional 2,903 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Invesco Preferred ETF during the third quarter worth approximately $70,000. Institutional investors and hedge funds own 8.60% of the company’s stock.
Invesco Preferred ETF Price Performance
PGX stock opened at $11.04 on Friday. The company’s 50 day moving average is $11.07 and its two-hundred day moving average is $11.24. Invesco Preferred ETF has a twelve month low of $10.86 and a twelve month high of $11.92.
About Invesco Preferred ETF
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.
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