Truist Financial Corp Sells 17,532 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Truist Financial Corp lowered its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 577,928 shares of the company’s stock after selling 17,532 shares during the period. Truist Financial Corp’s holdings in Invesco Preferred ETF were worth $6,629,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in PGX. LPL Financial LLC boosted its stake in shares of Invesco Preferred ETF by 12.2% during the 3rd quarter. LPL Financial LLC now owns 14,641,628 shares of the company’s stock worth $160,326,000 after acquiring an additional 1,587,869 shares during the last quarter. Community Financial Services Group LLC purchased a new position in shares of Invesco Preferred ETF during the 3rd quarter worth $9,441,000. International Assets Investment Management LLC purchased a new position in shares of Invesco Preferred ETF during the 4th quarter worth $5,110,000. Advisors Preferred LLC purchased a new position in shares of Invesco Preferred ETF during the 4th quarter worth $3,888,000. Finally, Spectrum Asset Management Inc. boosted its stake in shares of Invesco Preferred ETF by 11.4% during the 3rd quarter. Spectrum Asset Management Inc. now owns 2,836,727 shares of the company’s stock worth $31,117,000 after acquiring an additional 289,503 shares during the last quarter.

Invesco Preferred ETF Stock Performance

PGX opened at $11.61 on Friday. The firm’s fifty day moving average is $11.74 and its 200 day moving average is $11.45. Invesco Preferred ETF has a fifty-two week low of $10.14 and a fifty-two week high of $12.06.

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.