First PREMIER Bank Decreases Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

First PREMIER Bank decreased its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 1.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 290,698 shares of the company’s stock after selling 4,533 shares during the period. First PREMIER Bank owned approximately 0.08% of Invesco Preferred ETF worth $3,590,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. LPL Financial LLC grew its position in Invesco Preferred ETF by 9.7% during the 2nd quarter. LPL Financial LLC now owns 13,579,206 shares of the company’s stock worth $156,840,000 after purchasing an additional 1,197,584 shares during the last quarter. Cohen & Steers Inc. lifted its position in Invesco Preferred ETF by 1,074,842.8% during the 4th quarter. Cohen & Steers Inc. now owns 6,707,643 shares of the company’s stock worth $76,937,000 after acquiring an additional 6,707,019 shares during the period. Apollon Wealth Management LLC grew its stake in Invesco Preferred ETF by 2,034.9% during the 2nd quarter. Apollon Wealth Management LLC now owns 2,439,962 shares of the company’s stock valued at $28,182,000 after purchasing an additional 2,325,672 shares during the last quarter. Osaic Holdings Inc. grew its stake in Invesco Preferred ETF by 10.4% during the 1st quarter. Osaic Holdings Inc. now owns 2,027,101 shares of the company’s stock valued at $24,083,000 after purchasing an additional 191,636 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Invesco Preferred ETF by 4.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,382,375 shares of the company’s stock valued at $15,966,000 after purchasing an additional 64,346 shares during the period.

Invesco Preferred ETF Stock Performance

Shares of NYSEARCA:PGX opened at $12.34 on Wednesday. The business has a 50-day moving average price of $12.09 and a 200-day moving average price of $11.78. Invesco Preferred ETF has a 52-week low of $10.14 and a 52-week high of $12.54.

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.