Principal Securities Inc. Has $2.10 Million Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Principal Securities Inc. lowered its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 9.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 181,690 shares of the company’s stock after selling 18,396 shares during the period. Principal Securities Inc.’s holdings in Invesco Preferred ETF were worth $2,095,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in Invesco Preferred ETF in the 3rd quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Invesco Preferred ETF by 299.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock worth $32,000 after purchasing an additional 2,093 shares in the last quarter. Kentucky Trust Co acquired a new position in Invesco Preferred ETF in the 4th quarter worth about $36,000. Eastern Bank acquired a new stake in shares of Invesco Preferred ETF in the third quarter valued at about $37,000. Finally, Roxbury Financial LLC acquired a new stake in shares of Invesco Preferred ETF in the fourth quarter valued at about $42,000.

Invesco Preferred ETF Price Performance

Shares of PGX stock opened at $11.69 on Tuesday. The stock has a 50-day moving average of $11.61 and a 200-day moving average of $11.94. Invesco Preferred ETF has a 1-year low of $11.23 and a 1-year 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.