Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by First National Bank & Trust Co. of Newtown

First National Bank & Trust Co. of Newtown decreased its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 1.0% during the fourth quarter, HoldingsChannel reports. The firm owned 656,529 shares of the company’s stock after selling 6,325 shares during the quarter. Invesco Preferred ETF makes up about 1.6% of First National Bank & Trust Co. of Newtown’s investment portfolio, making the stock its 11th largest position. First National Bank & Trust Co. of Newtown’s holdings in Invesco Preferred ETF were worth $7,570,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PGX. Spectrum Asset Management Inc. increased its stake in Invesco Preferred ETF by 64.7% during the 4th quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock valued at $66,546,000 after purchasing an additional 2,266,498 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Invesco Preferred ETF by 71.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock valued at $22,097,000 after purchasing an additional 746,783 shares in the last quarter. Principal Financial Group Inc. increased its stake in Invesco Preferred ETF by 657.9% during the 4th quarter. Principal Financial Group Inc. now owns 717,581 shares of the company’s stock valued at $8,274,000 after purchasing an additional 622,895 shares in the last quarter. Barclays PLC increased its stake in Invesco Preferred ETF by 18,430.0% during the 3rd quarter. Barclays PLC now owns 555,900 shares of the company’s stock valued at $6,865,000 after purchasing an additional 552,900 shares in the last quarter. Finally, Acute Investment Advisory LLC acquired a new position in Invesco Preferred ETF during the 3rd quarter valued at approximately $3,977,000.

Invesco Preferred ETF Stock Performance

Shares of Invesco Preferred ETF stock opened at $11.61 on Thursday. The firm’s 50 day simple moving average is $11.60 and its two-hundred day simple moving average is $11.93. Invesco Preferred ETF has a 12-month low of $11.23 and a 12-month high of $12.54.

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.