Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV reduced its stake in shares of Invesco Preferred ETF (NYSEARCA:PGXGet Rating) by 4.9% in the 1st quarter, HoldingsChannel reports. The firm owned 17,577 shares of the company’s stock after selling 910 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Invesco Preferred ETF were worth $239,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PGX. Bank of America Corp DE raised its position in shares of Invesco Preferred ETF by 12.6% during the 4th quarter. Bank of America Corp DE now owns 59,062,294 shares of the company’s stock worth $885,934,000 after purchasing an additional 6,618,701 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA purchased a new stake in Invesco Preferred ETF in the 4th quarter worth approximately $11,526,000. Bank of Montreal Can grew its stake in Invesco Preferred ETF by 14.0% in the 4th quarter. Bank of Montreal Can now owns 5,188,801 shares of the company’s stock worth $77,625,000 after acquiring an additional 638,786 shares during the period. Blair William & Co. IL grew its stake in Invesco Preferred ETF by 252.9% in the 4th quarter. Blair William & Co. IL now owns 745,476 shares of the company’s stock worth $11,182,000 after acquiring an additional 534,241 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Invesco Preferred ETF in the 4th quarter worth approximately $7,947,000.

PGX stock opened at $12.20 on Thursday. Invesco Preferred ETF has a one year low of $11.93 and a one year high of $15.37. The company has a 50 day moving average price of $12.51 and a two-hundred day moving average price of $13.52.

About Invesco Preferred ETF (Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding PGX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Preferred ETF (NYSEARCA:PGXGet Rating).

Institutional Ownership by Quarter for Invesco Preferred ETF (NYSEARCA:PGX)

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