US Bancorp DE Decreases Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

US Bancorp DE lessened its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 43.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,547 shares of the company’s stock after selling 5,760 shares during the quarter. US Bancorp DE’s holdings in Invesco Preferred ETF were worth $87,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Invesco Preferred ETF during the third quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of 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 valued at $32,000 after acquiring an additional 2,093 shares in the last quarter. Kentucky Trust Co acquired a new position in shares of Invesco Preferred ETF in the fourth quarter worth about $36,000. Roxbury Financial LLC purchased a new position in Invesco Preferred ETF in the fourth quarter valued at about $42,000. Finally, Benjamin Edwards Inc. acquired a new stake in Invesco Preferred ETF during the 3rd quarter valued at approximately $127,000.

Invesco Preferred ETF Stock Performance

PGX stock opened at $11.59 on Tuesday. Invesco Preferred ETF has a 52-week low of $11.23 and a 52-week high of $12.54. The stock’s 50 day moving average is $11.59 and its two-hundred day moving average is $11.90.

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.