Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by Independence Bank of Kentucky

Independence Bank of Kentucky trimmed its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 4.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 63,177 shares of the company’s stock after selling 3,050 shares during the period. Independence Bank of Kentucky’s holdings in Invesco Preferred ETF were worth $730,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PGX. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Invesco Preferred ETF in the fourth quarter valued at about $178,000. CWM LLC raised its stake in shares of Invesco Preferred ETF by 14.2% during the 4th quarter. CWM LLC now owns 38,289 shares of the company’s stock worth $439,000 after buying an additional 4,757 shares in the last quarter. CAP Partners LLC purchased a new stake in shares of Invesco Preferred ETF in the fourth quarter valued at approximately $199,000. Wilbanks Smith & Thomas Asset Management LLC grew its position in Invesco Preferred ETF by 149.9% during the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 66,172 shares of the company’s stock worth $759,000 after buying an additional 39,689 shares during the period. Finally, Wealthcare Advisory Partners LLC purchased a new position in shares of Invesco Preferred ETF during the 4th quarter worth approximately $390,000.

Invesco Preferred ETF Stock Up 0.7 %

Shares of PGX traded up $0.08 during trading hours on Friday, reaching $12.00. 1,621,135 shares of the company traded hands, compared to its average volume of 3,460,869. The stock has a fifty day simple moving average of $11.70 and a 200 day simple moving average of $11.69. Invesco Preferred ETF has a fifty-two week low of $10.14 and a fifty-two week high of $12.06.

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.