PNC Financial Services Group Inc. Sells 3,442 Shares of Invesco Preferred ETF $PGX

PNC Financial Services Group Inc. decreased its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 17.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,064 shares of the company’s stock after selling 3,442 shares during the period. PNC Financial Services Group Inc.’s holdings in Invesco Preferred ETF were worth $180,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Bank of America Corp DE increased its position in shares of Invesco Preferred ETF by 14.9% during the fourth quarter. Bank of America Corp DE now owns 63,414,625 shares of the company’s stock worth $731,171,000 after purchasing an additional 8,205,825 shares in the last quarter. LPL Financial LLC increased its position in shares of Invesco Preferred ETF by 3.3% during the first quarter. LPL Financial LLC now owns 15,193,057 shares of the company’s stock worth $170,466,000 after purchasing an additional 486,697 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Invesco Preferred ETF during the fourth quarter worth $110,748,000. Royal Bank of Canada increased its position in shares of Invesco Preferred ETF by 3.3% during the fourth quarter. Royal Bank of Canada now owns 3,856,482 shares of the company’s stock worth $44,467,000 after purchasing an additional 122,258 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Invesco Preferred ETF by 4.7% during the first quarter. Allworth Financial LP now owns 2,627,449 shares of the company’s stock worth $29,086,000 after purchasing an additional 118,251 shares in the last quarter. Institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Price Performance

Shares of PGX stock opened at $11.42 on Tuesday. The business’s fifty day simple moving average is $11.22 and its 200-day simple moving average is $11.24. Invesco Preferred ETF has a 12-month low of $10.70 and a 12-month high of $12.54.

Invesco Preferred ETF 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.