Invesco Preferred ETF $PGX Shares Sold by Huntington National Bank

Huntington National Bank lessened its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 3.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,279,648 shares of the company’s stock after selling 52,327 shares during the quarter. Huntington National Bank owned about 0.36% of Invesco Preferred ETF worth $14,383,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Coordinated Financial Services Inc. lifted its position in shares of Invesco Preferred ETF by 23.4% during the fourth quarter. Coordinated Financial Services Inc. now owns 14,562 shares of the company’s stock worth $164,000 after purchasing an additional 2,758 shares in the last quarter. Integrity Alliance LLC. acquired a new stake in shares of Invesco Preferred ETF during the fourth quarter worth about $673,000. Harbour Investments Inc. lifted its position in shares of Invesco Preferred ETF by 10.5% during the fourth quarter. Harbour Investments Inc. now owns 17,028 shares of the company’s stock worth $191,000 after purchasing an additional 1,612 shares in the last quarter. Clearstead Advisors LLC lifted its position in shares of Invesco Preferred ETF by 38.4% during the fourth quarter. Clearstead Advisors LLC now owns 1,682,990 shares of the company’s stock worth $18,917,000 after purchasing an additional 466,546 shares in the last quarter. Finally, HBK Sorce Advisory LLC lifted its position in shares of Invesco Preferred ETF by 10.3% during the fourth quarter. HBK Sorce Advisory LLC now owns 204,008 shares of the company’s stock worth $2,313,000 after purchasing an additional 18,991 shares in the last quarter. Institutional investors and hedge funds own 8.60% of the company’s stock.

Invesco Preferred ETF Price Performance

Shares of PGX opened at $11.04 on Friday. Invesco Preferred ETF has a 1 year low of $10.86 and a 1 year high of $11.92. The company’s 50-day simple moving average is $11.07 and its 200-day simple moving average is $11.24.

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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.