OLD National Bancorp IN Trims Position in Invesco Preferred ETF $PGX

OLD National Bancorp IN cut its position in Invesco Preferred ETF (NYSEARCA:PGX) by 6.4% in the second quarter, HoldingsChannel.com reports. The firm owned 48,574 shares of the company’s stock after selling 3,349 shares during the quarter. OLD National Bancorp IN’s holdings in Invesco Preferred ETF were worth $541,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Crews Bank & Trust increased its stake in shares of Invesco Preferred ETF by 2.5% in the second quarter. Crews Bank & Trust now owns 40,780 shares of the company’s stock worth $454,000 after purchasing an additional 1,000 shares in the last quarter. WealthPlan Investment Management LLC increased its stake in shares of Invesco Preferred ETF by 7.0% in the first quarter. WealthPlan Investment Management LLC now owns 16,047 shares of the company’s stock worth $180,000 after purchasing an additional 1,045 shares in the last quarter. Argus Investors Counsel Inc. grew its stake in Invesco Preferred ETF by 2.6% during the first quarter. Argus Investors Counsel Inc. now owns 43,169 shares of the company’s stock valued at $484,000 after acquiring an additional 1,080 shares in the last quarter. Harbour Investments Inc. grew its stake in Invesco Preferred ETF by 25.5% during the first quarter. Harbour Investments Inc. now owns 5,720 shares of the company’s stock valued at $64,000 after acquiring an additional 1,161 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in Invesco Preferred ETF by 3.8% during the first quarter. Avantax Advisory Services Inc. now owns 36,531 shares of the company’s stock valued at $410,000 after acquiring an additional 1,345 shares in the last quarter. 8.60% of the stock is owned by hedge funds and other institutional investors.

Invesco Preferred ETF Stock Down 0.2%

PGX opened at $11.67 on Wednesday. The company has a fifty day moving average of $11.57 and a 200 day moving average of $11.25. Invesco Preferred ETF has a fifty-two week low of $10.70 and a fifty-two week high of $12.52.

Invesco Preferred ETF Company 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.