Independence Bank of Kentucky Reduces Stake in Invesco Preferred ETF (NYSEARCA:PGX)

Independence Bank of Kentucky cut its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 4.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,227 shares of the company’s stock after selling 3,250 shares during the quarter. Independence Bank of Kentucky’s holdings in Invesco Preferred ETF were worth $787,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Gradient Investments LLC grew its holdings in shares of Invesco Preferred ETF by 102.9% during the 4th quarter. Gradient Investments LLC now owns 2,755 shares of the company’s stock worth $32,000 after purchasing an additional 1,397 shares during the period. Fortitude Family Office LLC purchased a new position in shares of Invesco Preferred ETF during the 4th quarter worth $32,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Invesco Preferred ETF during the 4th quarter worth $34,000. Capital Analysts LLC grew its holdings in shares of Invesco Preferred ETF by 91.4% during the 4th quarter. Capital Analysts LLC now owns 3,465 shares of the company’s stock worth $40,000 after purchasing an additional 1,655 shares during the period. Finally, Trifecta Capital Advisors LLC purchased a new position in shares of Invesco Preferred ETF during the 4th quarter worth $69,000.

Invesco Preferred ETF Trading Down 0.4 %

NYSEARCA PGX opened at $11.55 on Friday. The stock has a fifty day simple moving average of $11.54 and a 200-day simple moving average of $11.65. Invesco Preferred ETF has a twelve month low of $10.14 and a twelve month 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.