FineMark National Bank & Trust Lowers Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

FineMark National Bank & Trust trimmed its position in shares of Invesco Preferred ETF (NYSEARCA:PGXFree Report) by 46.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,190 shares of the company’s stock after selling 10,669 shares during the period. FineMark National Bank & Trust’s holdings in Invesco Preferred ETF were worth $140,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new position in Invesco Preferred ETF in the fourth quarter valued at approximately $32,000. Gradient Investments LLC lifted its holdings in shares of Invesco Preferred ETF by 102.9% during the 4th quarter. Gradient Investments LLC now owns 2,755 shares of the company’s stock valued at $32,000 after acquiring an additional 1,397 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in Invesco Preferred ETF during the 4th quarter worth $34,000. Capital Analysts LLC boosted its position in Invesco Preferred ETF by 91.4% during the 4th quarter. Capital Analysts LLC now owns 3,465 shares of the company’s stock worth $40,000 after purchasing an additional 1,655 shares during the period. Finally, Trifecta Capital Advisors LLC acquired a new stake in Invesco Preferred ETF in the 4th quarter valued at $69,000.

Invesco Preferred ETF Price Performance

NYSEARCA:PGX opened at $11.48 on Friday. Invesco Preferred ETF has a 12 month low of $10.14 and a 12 month high of $12.06. The business’s 50-day moving average is $11.63 and its two-hundred day moving average is $11.57.

Invesco Preferred ETF Profile

(Free Report)

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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Institutional Ownership by Quarter for Invesco Preferred ETF (NYSEARCA:PGX)

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