Invesco Preferred ETF $PGX Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp increased its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 25,538.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,141 shares of the company’s stock after buying an additional 145,571 shares during the quarter. Fifth Third Bancorp’s holdings in Invesco Preferred ETF were worth $1,590,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PGX. Cane Capital Partners LLC bought a new stake in shares of Invesco Preferred ETF during the fourth quarter worth about $963,000. Trinity Legacy Partners LLC increased its position in shares of Invesco Preferred ETF by 3,866.1% during the fourth quarter. Trinity Legacy Partners LLC now owns 717,856 shares of the company’s stock valued at $8,069,000 after acquiring an additional 699,756 shares during the last quarter. New England Private Wealth Advisors LLC increased its position in shares of Invesco Preferred ETF by 2,024.5% during the 4th quarter. New England Private Wealth Advisors LLC now owns 1,227,261 shares of the company’s stock valued at $13,817,000 after purchasing an additional 1,169,495 shares during the last quarter. Transatlantique Private Wealth LLC increased its holdings in Invesco Preferred ETF by 23.5% during the fourth quarter. Transatlantique Private Wealth LLC now owns 270,002 shares of the company’s stock worth $3,035,000 after buying an additional 51,310 shares during the last quarter. Finally, Cohen & Steers Inc. increased its stake in shares of Invesco Preferred ETF by 1,881.8% during the 4th quarter. Cohen & Steers Inc. now owns 2,157,935 shares of the company’s stock worth $24,255,000 after purchasing an additional 2,049,049 shares during the last quarter. 8.60% of the stock is currently owned by institutional investors and hedge funds.

Invesco Preferred ETF Stock Performance

Shares of PGX opened at $10.71 on Friday. The stock’s fifty day moving average price is $10.91 and its two-hundred day moving average price is $11.13. Invesco Preferred ETF has a 1 year low of $10.68 and a 1 year high of $11.92.

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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.