First National Bank & Trust Co. of Newtown Lowers Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

First National Bank & Trust Co. of Newtown lessened its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 1.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 656,529 shares of the company’s stock after selling 6,325 shares during the period. Invesco Preferred ETF comprises 1.6% of First National Bank & Trust Co. of Newtown’s holdings, making the stock its 11th biggest position. First National Bank & Trust Co. of Newtown owned 0.18% of Invesco Preferred ETF worth $7,570,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PGX. Foundations Investment Advisors LLC purchased a new stake in shares of Invesco Preferred ETF in the 3rd quarter worth approximately $604,000. Calton & Associates Inc. bought a new position in shares of Invesco Preferred ETF during the 3rd quarter worth approximately $128,000. Eastern Bank bought a new position in shares of Invesco Preferred ETF during the 3rd quarter worth approximately $37,000. Financial Insights Inc. bought a new position in shares of Invesco Preferred ETF during the 3rd quarter worth approximately $175,000. Finally, Blackston Financial Advisory Group LLC bought a new position in shares of Invesco Preferred ETF during the 3rd quarter worth approximately $199,000.

Invesco Preferred ETF Trading Down 0.2 %

NYSEARCA PGX opened at $11.61 on Thursday. The company has a 50 day moving average price of $11.60 and a 200 day moving average price of $11.93. Invesco Preferred ETF has a 52 week low of $11.23 and a 52 week 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.