Cambridge Trust Co. Cuts Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Cambridge Trust Co. lowered its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 23.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,000 shares of the company’s stock after selling 897 shares during the period. Cambridge Trust Co.’s holdings in Invesco Preferred ETF were worth $34,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthspire Advisors LLC acquired a new position in shares of Invesco Preferred ETF during the third quarter worth $2,054,000. Raymond James & Associates increased its holdings in shares of Invesco Preferred ETF by 11.2% in the 4th quarter. Raymond James & Associates now owns 824,598 shares of the company’s stock valued at $9,458,000 after acquiring an additional 83,095 shares during the last quarter. Garrett Wealth Advisory Group LLC raised its position in shares of Invesco Preferred ETF by 4.9% during the 3rd quarter. Garrett Wealth Advisory Group LLC now owns 571,510 shares of the company’s stock worth $6,258,000 after acquiring an additional 26,614 shares in the last quarter. Modera Wealth Management LLC raised its position in shares of Invesco Preferred ETF by 4.2% during the 3rd quarter. Modera Wealth Management LLC now owns 21,802 shares of the company’s stock worth $239,000 after acquiring an additional 877 shares in the last quarter. Finally, KG&L Capital Management LLC lifted its stake in Invesco Preferred ETF by 18.7% during the fourth quarter. KG&L Capital Management LLC now owns 232,229 shares of the company’s stock worth $2,664,000 after purchasing an additional 36,625 shares during the last quarter.

Invesco Preferred ETF Trading Up 0.7 %

Shares of Invesco Preferred ETF stock opened at $11.39 on Friday. Invesco Preferred ETF has a 52 week low of $10.14 and a 52 week high of $12.06. The firm’s 50 day moving average is $11.80 and its two-hundred day moving average is $11.38.

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.