Independence Bank of Kentucky Lowers Position in Invesco Preferred ETF (NYSEARCA:PGX)

Independence Bank of Kentucky trimmed its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 10.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 56,392 shares of the company’s stock after selling 6,785 shares during the period. Independence Bank of Kentucky’s holdings in Invesco Preferred ETF were worth $696,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PGX. Madison Wealth Partners Inc purchased a new stake in shares of Invesco Preferred ETF during the 4th quarter valued at $1,182,000. Fisher Asset Management LLC bought a new stake in shares of Invesco Preferred ETF in the 4th quarter worth approximately $191,000. ICA Group Wealth Management LLC purchased a new position in Invesco Preferred ETF during the 4th quarter valued at $126,000. Walden Wealth Partners LLC bought a new position in Invesco Preferred ETF in the fourth quarter worth about $117,000. Finally, NBC Securities Inc. boosted its position in Invesco Preferred ETF by 5.3% during the 1st quarter. NBC Securities Inc. now owns 32,876 shares of the company’s stock valued at $391,000 after acquiring an additional 1,650 shares in the last quarter.

Invesco Preferred ETF Trading Up 0.7 %

PGX stock opened at $12.39 on Friday. The business’s 50 day moving average price is $12.12 and its two-hundred day moving average price is $11.79. Invesco Preferred ETF has a fifty-two week low of $10.14 and a fifty-two week high of $12.54.

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.