First United Bank & Trust Reduces Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

First United Bank & Trust reduced its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 22.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,480 shares of the company’s stock after selling 4,799 shares during the quarter. First United Bank & Trust’s holdings in Invesco Preferred ETF were worth $190,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP increased its holdings in shares of Invesco Preferred ETF by 4.3% in the 3rd quarter. Allworth Financial LP now owns 3,588,261 shares of the company’s stock valued at $44,315,000 after acquiring an additional 148,476 shares during the period. JPMorgan Chase & Co. increased its stake in Invesco Preferred ETF by 71.6% in the third quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock valued at $22,097,000 after purchasing an additional 746,783 shares during the period. ACT Advisors LLC. purchased a new stake in shares of Invesco Preferred ETF in the third quarter valued at about $17,368,000. Advisors Management Group Inc. ADV grew its holdings in shares of Invesco Preferred ETF by 3.8% during the fourth quarter. Advisors Management Group Inc. ADV now owns 1,288,642 shares of the company’s stock worth $14,858,000 after buying an additional 47,652 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Invesco Preferred ETF by 2.5% in the 2nd quarter. Marshall Wace LLP now owns 960,800 shares of the company’s stock valued at $11,097,000 after acquiring an additional 23,600 shares during the period.

Invesco Preferred ETF Stock Up 0.2 %

Invesco Preferred ETF stock opened at $11.63 on Tuesday. The stock has a 50 day moving average of $11.74 and a two-hundred day moving average of $11.95. Invesco Preferred ETF has a twelve month low of $11.23 and a twelve month high of $12.54.

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.