First Hawaiian Bank Sells 75,755 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

First Hawaiian Bank reduced its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 25.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 225,419 shares of the company’s stock after selling 75,755 shares during the quarter. First Hawaiian Bank owned approximately 0.06% of Invesco Preferred ETF worth $2,529,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PGX. First Trust Advisors LP bought a new position in shares of Invesco Preferred ETF during the 4th quarter valued at approximately $110,748,000. Bank of America Corp DE increased its stake in shares of Invesco Preferred ETF by 14.9% in the fourth quarter. Bank of America Corp DE now owns 63,414,625 shares of the company’s stock worth $731,171,000 after purchasing an additional 8,205,825 shares in the last quarter. Cohen & Steers Inc. raised its position in shares of Invesco Preferred ETF by 2,643,140.2% during the 4th quarter. Cohen & Steers Inc. now owns 4,995,724 shares of the company’s stock valued at $57,601,000 after purchasing an additional 4,995,535 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Invesco Preferred ETF during the 4th quarter valued at $29,537,000. Finally, JPMorgan Chase & Co. boosted its holdings in Invesco Preferred ETF by 131.9% in the 4th quarter. JPMorgan Chase & Co. now owns 4,148,592 shares of the company’s stock worth $47,833,000 after buying an additional 2,359,356 shares during the period.

Invesco Preferred ETF Trading Up 0.2%

Shares of PGX stock opened at $10.96 on Friday. The stock has a fifty day simple moving average of $11.04 and a two-hundred day simple moving average of $11.45. Invesco Preferred ETF has a 52-week low of $10.70 and a 52-week 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.