Iowa State Bank cut its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,113,132 shares of the company’s stock after selling 6,178 shares during the period. Invesco Preferred ETF comprises approximately 2.7% of Iowa State Bank’s investment portfolio, making the stock its 8th biggest holding. Iowa State Bank owned approximately 0.30% of Invesco Preferred ETF worth $12,834,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new position in Invesco Preferred ETF during the third quarter valued at approximately $31,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Invesco Preferred ETF in the 2nd quarter valued at $35,000. Eastern Bank purchased a new stake in Invesco Preferred ETF during the third quarter worth $37,000. Ellis Investment Partners LLC purchased a new position in Invesco Preferred ETF in the third quarter valued at $124,000. Finally, Orrstown Financial Services Inc. acquired a new position in shares of Invesco Preferred ETF in the third quarter worth about $124,000.
Invesco Preferred ETF Price Performance
Shares of Invesco Preferred ETF stock traded down $0.04 on Monday, hitting $11.76. The company’s stock had a trading volume of 6,250,204 shares, compared to its average volume of 7,252,984. Invesco Preferred ETF has a 1 year low of $11.23 and a 1 year high of $12.54. The firm has a fifty day moving average price of $11.87 and a 200-day moving average price of $11.95.
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.
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