Huntington National Bank trimmed its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 1.4% in the 3rd quarter, Holdings Channel reports. The fund owned 2,304,702 shares of the company’s stock after selling 33,177 shares during the quarter. Huntington National Bank’s holdings in Invesco Preferred ETF were worth $33,003,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Avalon Advisors LLC purchased a new stake in Invesco Preferred ETF in the first quarter worth about $11,805,000. Appleton Group LLC purchased a new stake in Invesco Preferred ETF in the second quarter worth about $5,478,000. Royal Bank of Canada grew its holdings in Invesco Preferred ETF by 4.3% in the first quarter. Royal Bank of Canada now owns 8,893,420 shares of the company’s stock worth $129,844,000 after purchasing an additional 370,121 shares during the period. IndexIQ Advisors LLC purchased a new stake in Invesco Preferred ETF in the second quarter worth about $4,677,000. Finally, Jane Street Group LLC grew its holdings in Invesco Preferred ETF by 103.3% in the second quarter. Jane Street Group LLC now owns 478,357 shares of the company’s stock worth $6,965,000 after purchasing an additional 243,022 shares during the period.
PGX traded up $0.02 during midday trading on Thursday, reaching $13.99. The company’s stock had a trading volume of 23,379 shares, compared to its average volume of 1,954,963. Invesco Preferred ETF has a 1 year low of $13.89 and a 1 year high of $15.08.
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.
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