Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by Iowa State Bank

Iowa State Bank decreased its position in Invesco Preferred ETF (NYSEARCA:PGX) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing 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 accounts for approximately 2.7% of Iowa State Bank’s investment portfolio, making the stock its 8th largest position. Iowa State Bank’s holdings in Invesco Preferred ETF were worth $12,834,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PGX. GAMMA Investing LLC lifted its stake in Invesco Preferred ETF by 23.3% during the fourth quarter. GAMMA Investing LLC now owns 27,677 shares of the company’s stock worth $319,000 after purchasing an additional 5,238 shares in the last quarter. JPMorgan Chase & Co. grew its position in Invesco Preferred ETF by 71.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock valued at $22,097,000 after acquiring an additional 746,783 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Invesco Preferred ETF by 632.8% in the third quarter. Principal Financial Group Inc. now owns 94,686 shares of the company’s stock valued at $1,169,000 after purchasing an additional 81,764 shares during the period. Synovus Financial Corp acquired a new position in shares of Invesco Preferred ETF in the third quarter valued at approximately $138,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Invesco Preferred ETF during the 3rd quarter worth approximately $31,000.

Invesco Preferred ETF Stock Performance

PGX stock traded down $0.04 during midday trading 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. The firm has a 50-day simple moving average of $11.87 and a 200-day simple moving average of $11.95. Invesco Preferred ETF has a 52-week low of $11.23 and a 52-week high of $12.54.

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.