First National Bank & Trust Co. of Newtown Reduces Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

First National Bank & Trust Co. of Newtown lowered its position in Invesco Preferred ETF (NYSEARCA:PGX) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 671,289 shares of the company’s stock after selling 5,148 shares during the quarter. Invesco Preferred ETF comprises about 1.7% of First National Bank & Trust Co. of Newtown’s holdings, making the stock its 11th biggest holding. First National Bank & Trust Co. of Newtown’s holdings in Invesco Preferred ETF were worth $7,700,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in shares of Invesco Preferred ETF by 8,789.3% during the third quarter. FMR LLC now owns 2,489 shares of the company’s stock valued at $27,000 after acquiring an additional 2,461 shares during the last quarter. Ambassador Advisors LLC increased its position in shares of Invesco Preferred ETF by 168.3% during the first quarter. Ambassador Advisors LLC now owns 2,688 shares of the company’s stock valued at $30,000 after acquiring an additional 1,686 shares during the last quarter. Fortitude Family Office LLC acquired a new position in shares of Invesco Preferred ETF in the fourth quarter valued at approximately $32,000. Gradient Investments LLC grew its holdings in shares of Invesco Preferred ETF by 102.9% in the fourth quarter. Gradient Investments LLC now owns 2,755 shares of the company’s stock valued at $32,000 after purchasing an additional 1,397 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of Invesco Preferred ETF in the second quarter valued at approximately $34,000.

Invesco Preferred ETF Trading Up 0.4 %

Shares of PGX stock traded up $0.05 during trading on Friday, reaching $11.36. The company’s stock had a trading volume of 999,638 shares, compared to its average volume of 3,812,283. The stock’s 50-day moving average price is $11.81 and its 200 day moving average price is $11.38. Invesco Preferred ETF has a 1-year low of $10.14 and a 1-year high of $12.06.

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.