J. W. Coons Advisors LLC Trims Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

J. W. Coons Advisors LLC lowered its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 8.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 25,785 shares of the company’s stock after selling 2,325 shares during the quarter. J. W. Coons Advisors LLC’s holdings in Invesco Preferred ETF were worth $297,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Invesco Preferred ETF during the 3rd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Invesco Preferred ETF by 299.0% during the fourth 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 during the period. Kentucky Trust Co acquired a new position in Invesco Preferred ETF in the 4th quarter valued at about $36,000. Roxbury Financial LLC purchased a new stake in shares of Invesco Preferred ETF in the 4th quarter valued at approximately $42,000. Finally, Orrstown Financial Services Inc. purchased a new stake in shares of Invesco Preferred ETF in the 3rd quarter valued at approximately $124,000.

Invesco Preferred ETF Stock Down 0.1 %

PGX stock opened at $11.59 on Tuesday. Invesco Preferred ETF has a one year low of $11.23 and a one year high of $12.54. The firm’s 50 day moving average price is $11.59 and its 200-day moving average price is $11.93.

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.