Providence First Trust Co Decreases Position in Invesco Preferred ETF (NYSEARCA:PGX)

Providence First Trust Co reduced its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 10.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,000 shares of the company’s stock after selling 2,500 shares during the period. Providence First Trust Co’s holdings in Invesco Preferred ETF were worth $242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PGX. Wilmington Savings Fund Society FSB acquired a new stake in Invesco Preferred ETF in the third quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Invesco Preferred ETF by 299.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock valued at $32,000 after purchasing an additional 2,093 shares during the period. Kentucky Trust Co acquired a new stake in Invesco Preferred ETF during the 4th quarter valued at $36,000. Roxbury Financial LLC purchased a new stake in Invesco Preferred ETF during the 4th quarter worth $42,000. Finally, Benjamin Edwards Inc. acquired a new position in Invesco Preferred ETF in the 3rd quarter worth $127,000.

Invesco Preferred ETF Stock Performance

Shares of Invesco Preferred ETF stock opened at $11.68 on Friday. Invesco Preferred ETF has a 1-year low of $11.23 and a 1-year high of $12.54. The business has a 50-day moving average of $11.59 and a 200-day moving average of $11.93.

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.