Plimoth Trust Co. LLC Has $5.10 Million Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Plimoth Trust Co. LLC lessened its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 442,634 shares of the company’s stock after selling 22,356 shares during the quarter. Invesco Preferred ETF makes up 1.3% of Plimoth Trust Co. LLC’s holdings, making the stock its 18th biggest holding. Plimoth Trust Co. LLC’s holdings in Invesco Preferred ETF were worth $5,104,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PGX. NewEdge Advisors LLC raised its holdings in shares of Invesco Preferred ETF by 34.1% in the 2nd quarter. NewEdge Advisors LLC now owns 131,080 shares of the company’s stock worth $1,514,000 after acquiring an additional 33,307 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco Preferred ETF by 3.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 56,053 shares of the company’s stock worth $647,000 after purchasing an additional 1,630 shares in the last quarter. Gateway Wealth Partners LLC purchased a new stake in Invesco Preferred ETF in the 2nd quarter worth approximately $598,000. Advisory Alpha LLC lifted its stake in Invesco Preferred ETF by 0.6% in the 2nd quarter. Advisory Alpha LLC now owns 152,206 shares of the company’s stock worth $1,758,000 after purchasing an additional 914 shares in the last quarter. Finally, Granite Bay Wealth Management LLC bought a new stake in shares of Invesco Preferred ETF during the 2nd quarter worth $1,766,000.

Invesco Preferred ETF Stock Performance

Shares of NYSEARCA PGX traded up $0.02 during trading hours on Wednesday, reaching $11.72. 1,384,327 shares of the stock traded hands, compared to its average volume of 7,622,407. Invesco Preferred ETF has a 52-week low of $11.23 and a 52-week high of $12.54. The company’s 50-day simple moving average is $11.70 and its two-hundred day simple moving average is $11.94.

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.