First United Bank & Trust Reduces Stake in Invesco Preferred ETF (NYSEARCA:PGX)

First United Bank & Trust trimmed its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 22.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,480 shares of the company’s stock after selling 4,799 shares during the quarter. First United Bank & Trust’s holdings in Invesco Preferred ETF were worth $190,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Allworth Financial LP raised its stake in shares of Invesco Preferred ETF by 4.3% during the 3rd quarter. Allworth Financial LP now owns 3,588,261 shares of the company’s stock worth $44,315,000 after buying an additional 148,476 shares during the last quarter. JPMorgan Chase & Co. increased its holdings 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 acquiring an additional 746,783 shares in the last quarter. ACT Advisors LLC. acquired a new position in Invesco Preferred ETF during the third quarter worth about $17,368,000. Advisors Management Group Inc. ADV lifted its holdings in shares of Invesco Preferred ETF by 3.8% in the fourth quarter. Advisors Management Group Inc. ADV now owns 1,288,642 shares of the company’s stock valued at $14,858,000 after purchasing an additional 47,652 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of Invesco Preferred ETF by 2.5% in the second quarter. Marshall Wace LLP now owns 960,800 shares of the company’s stock valued at $11,097,000 after purchasing an additional 23,600 shares during the last quarter.

Invesco Preferred ETF Stock Performance

Shares of Invesco Preferred ETF stock opened at $11.63 on Tuesday. The business has a 50 day moving average price of $11.74 and a 200 day moving average price of $11.95. Invesco Preferred ETF has a 1 year low of $11.23 and a 1 year high of $12.54.

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.