First National Bank & Trust Co. of Newtown Sells 7,665 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

First National Bank & Trust Co. of Newtown cut its position in Invesco Preferred ETF (NYSEARCA:PGX) by 1.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 662,854 shares of the company’s stock after selling 7,665 shares during the period. Invesco Preferred ETF makes up 1.6% of First National Bank & Trust Co. of Newtown’s portfolio, making the stock its 11th biggest holding. First National Bank & Trust Co. of Newtown’s holdings in Invesco Preferred ETF were worth $8,186,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PGX. Strategic Investment Solutions Inc. IL acquired a new position in Invesco Preferred ETF in the 2nd quarter valued at approximately $35,000. Eastern Bank bought a new position in Invesco Preferred ETF during the 3rd quarter worth $37,000. Central Pacific Bank Trust Division bought a new position in Invesco Preferred ETF during the 1st quarter worth $46,000. Consultiva Wealth Management CORP. acquired a new position in Invesco Preferred ETF during the 1st quarter worth about $96,000. Finally, Ellis Investment Partners LLC bought a new stake in shares of Invesco Preferred ETF in the 3rd quarter valued at about $124,000.

Invesco Preferred ETF Stock Performance

Shares of PGX opened at $12.19 on Friday. The business has a 50-day moving average of $12.29 and a 200-day moving average of $11.86. Invesco Preferred ETF has a 1 year low of $10.74 and a 1 year high of $12.54.

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.