Sanibel Captiva Trust Company Inc. Trims Stake in Invesco Preferred ETF (NYSEARCA:PGX)

Sanibel Captiva Trust Company Inc. lessened its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 33.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 231,730 shares of the company’s stock after selling 116,095 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Invesco Preferred ETF were worth $2,676,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Investment Advisory Services LLC lifted its position in shares of Invesco Preferred ETF by 13.4% during the 4th quarter. Capital Investment Advisory Services LLC now owns 8,467 shares of the company’s stock valued at $97,000 after buying an additional 1,003 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Invesco Preferred ETF by 2.0% during the fourth quarter. Brighton Jones LLC now owns 54,139 shares of the company’s stock valued at $621,000 after acquiring an additional 1,077 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of Invesco Preferred ETF by 1.7% in the fourth quarter. D.A. Davidson & CO. now owns 75,587 shares of the company’s stock valued at $867,000 after acquiring an additional 1,268 shares in the last quarter. Cherry Tree Wealth Management LLC increased its position in shares of Invesco Preferred ETF by 0.3% during the first quarter. Cherry Tree Wealth Management LLC now owns 499,824 shares of the company’s stock worth $5,938,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Perigon Wealth Management LLC raised its stake in Invesco Preferred ETF by 5.8% in the 1st quarter. Perigon Wealth Management LLC now owns 26,623 shares of the company’s stock valued at $316,000 after purchasing an additional 1,465 shares during the last quarter.

Invesco Preferred ETF Price Performance

Shares of Invesco Preferred ETF stock traded up $0.03 during trading hours on Tuesday, reaching $11.89. 1,804,338 shares of the company’s stock were exchanged, compared to its average volume of 3,492,417. The business has a fifty day moving average of $11.67 and a two-hundred day moving average of $11.68. Invesco Preferred ETF has a 1 year low of $10.14 and a 1 year high of $12.06.

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.