PNC Financial Services Group Inc. Sells 2,700 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

PNC Financial Services Group Inc. lowered its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,668 shares of the company’s stock after selling 2,700 shares during the period. PNC Financial Services Group Inc.’s holdings in Invesco Preferred ETF were worth $834,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PGX. Fortitude Family Office LLC purchased a new position in Invesco Preferred ETF during the fourth quarter valued at approximately $32,000. Gradient Investments LLC grew its stake in Invesco Preferred ETF by 102.9% during the fourth quarter. Gradient Investments LLC now owns 2,755 shares of the company’s stock valued at $32,000 after acquiring an additional 1,397 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new position in Invesco Preferred ETF during the fourth quarter valued at approximately $34,000. Capital Analysts LLC grew its stake in Invesco Preferred ETF by 91.4% during the fourth quarter. Capital Analysts LLC now owns 3,465 shares of the company’s stock valued at $40,000 after acquiring an additional 1,655 shares in the last quarter. Finally, Trifecta Capital Advisors LLC purchased a new position in Invesco Preferred ETF during the fourth quarter valued at approximately $69,000.

Invesco Preferred ETF Price Performance

Shares of NYSEARCA:PGX opened at $11.58 on Tuesday. The company has a 50 day moving average of $11.52 and a 200 day moving average of $11.65. Invesco Preferred ETF has a 12 month low of $10.14 and a 12 month high of $12.06.

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.