Truist Financial Corp Sells 2,496 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Truist Financial Corp lowered its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 0.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 534,051 shares of the company’s stock after selling 2,496 shares during the period. Truist Financial Corp owned approximately 0.14% of Invesco Preferred ETF worth $6,158,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in PGX. Eastern Bank acquired a new position in shares of Invesco Preferred ETF during the third quarter valued at about $37,000. Blackston Financial Advisory Group LLC acquired a new position in shares of Invesco Preferred ETF during the third quarter valued at about $199,000. Allworth Financial LP raised its position in shares of Invesco Preferred ETF by 4.3% during the third quarter. Allworth Financial LP now owns 3,588,261 shares of the company’s stock valued at $44,315,000 after buying an additional 148,476 shares during the last quarter. Ellis Investment Partners LLC acquired a new position in shares of Invesco Preferred ETF during the third quarter valued at about $124,000. Finally, Patriot Financial Group Insurance Agency LLC raised its position in shares of Invesco Preferred ETF by 15.0% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 16,047 shares of the company’s stock valued at $198,000 after buying an additional 2,094 shares during the last quarter.

Invesco Preferred ETF Price Performance

Shares of PGX opened at $11.60 on Friday. The company has a 50-day simple moving average of $11.59 and a 200-day simple moving average of $11.93. Invesco Preferred ETF has a 52 week low of $11.23 and a 52 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.