Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by Iowa State Bank

Iowa State Bank reduced its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 14.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,119,310 shares of the company’s stock after selling 195,567 shares during the quarter. Invesco Preferred ETF accounts for about 2.8% of Iowa State Bank’s investment portfolio, making the stock its 7th biggest holding. Iowa State Bank’s holdings in Invesco Preferred ETF were worth $13,823,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Madison Wealth Partners Inc acquired a new position in Invesco Preferred ETF during the fourth quarter worth $1,182,000. Fisher Asset Management LLC acquired a new position in Invesco Preferred ETF during the fourth quarter worth $191,000. ICA Group Wealth Management LLC acquired a new position in Invesco Preferred ETF during the fourth quarter worth $126,000. Walden Wealth Partners LLC acquired a new position in Invesco Preferred ETF during the fourth quarter worth $117,000. Finally, NBC Securities Inc. raised its holdings in Invesco Preferred ETF by 5.3% during the first quarter. NBC Securities Inc. now owns 32,876 shares of the company’s stock worth $391,000 after purchasing an additional 1,650 shares during the last quarter.

Invesco Preferred ETF Stock Up 0.7 %

Shares of PGX stock opened at $12.39 on Friday. The stock has a fifty day moving average price of $12.12 and a 200 day moving average price of $11.79. Invesco Preferred ETF has a 1 year low of $10.14 and a 1 year high of $12.54.

Invesco Preferred ETF 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.