First PREMIER Bank Cuts Position in Invesco Preferred ETF (NYSEARCA:PGX)

First PREMIER Bank lessened its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 9.4% in the second quarter, HoldingsChannel.com reports. The firm owned 295,231 shares of the company’s stock after selling 30,650 shares during the quarter. First PREMIER Bank’s holdings in Invesco Preferred ETF were worth $3,410,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Wetzel Investment Advisors Inc. acquired a new stake in Invesco Preferred ETF in the 4th quarter valued at about $34,000. Capital Analysts LLC grew its stake in Invesco Preferred ETF by 91.4% in the 4th quarter. Capital Analysts LLC now owns 3,465 shares of the company’s stock valued at $40,000 after acquiring an additional 1,655 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in Invesco Preferred ETF in the 1st quarter valued at about $46,000. Headlands Technologies LLC grew its stake in Invesco Preferred ETF by 712.3% in the 4th quarter. Headlands Technologies LLC now owns 7,278 shares of the company’s stock valued at $83,000 after acquiring an additional 6,382 shares during the last quarter. Finally, Private Ocean LLC acquired a new stake in Invesco Preferred ETF in the 1st quarter valued at about $94,000.

Invesco Preferred ETF Price Performance

Shares of Invesco Preferred ETF stock traded down $0.01 during mid-day trading on Thursday, hitting $11.81. 4,652,905 shares of the stock were exchanged, compared to its average volume of 3,509,579. Invesco Preferred ETF has a twelve month low of $10.14 and a twelve month high of $12.06. The company has a 50-day simple moving average of $11.66 and a 200 day simple moving average of $11.68.

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.