PNC Financial Services Group Inc. Has $225,000 Stake in Invesco Preferred ETF (NYSEARCA:PGX)

PNC Financial Services Group Inc. decreased its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 10.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 19,506 shares of the company’s stock after selling 2,363 shares during the period. PNC Financial Services Group Inc.’s holdings in Invesco Preferred ETF were worth $225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PGX. Principal Financial Group Inc. raised its position in shares of Invesco Preferred ETF by 632.8% in the 3rd quarter. Principal Financial Group Inc. now owns 94,686 shares of the company’s stock valued at $1,169,000 after buying an additional 81,764 shares in the last quarter. Flagstar Advisors Inc. acquired a new position in shares of Invesco Preferred ETF in the 3rd quarter valued at approximately $625,000. Townsquare Capital LLC acquired a new position in shares of Invesco Preferred ETF in the 3rd quarter valued at approximately $275,000. Rockefeller Capital Management L.P. raised its position in shares of Invesco Preferred ETF by 4.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 502,173 shares of the company’s stock valued at $6,202,000 after buying an additional 19,592 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Invesco Preferred ETF by 1.1% during the 3rd quarter. Captrust Financial Advisors now owns 87,953 shares of the company’s stock valued at $1,086,000 after purchasing an additional 991 shares during the last quarter.

Invesco Preferred ETF Stock Down 0.1 %

Shares of Invesco Preferred ETF stock opened at $11.55 on Friday. The firm’s 50 day moving average is $11.59 and its 200 day moving average is $11.89. Invesco Preferred ETF has a 1 year low of $11.23 and a 1 year high of $12.54.

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.