Independence Bank of Kentucky Sells 10,632 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Independence Bank of Kentucky lowered its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 18.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 45,760 shares of the company’s stock after selling 10,632 shares during the period. Independence Bank of Kentucky’s holdings in Invesco Preferred ETF were worth $528,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PGX. NBC Securities Inc. raised its position in shares of Invesco Preferred ETF by 2.8% in the 3rd quarter. NBC Securities Inc. now owns 34,376 shares of the company’s stock worth $424,000 after acquiring an additional 950 shares in the last quarter. Captrust Financial Advisors grew its stake in Invesco Preferred ETF by 1.1% in the third quarter. Captrust Financial Advisors now owns 87,953 shares of the company’s stock worth $1,086,000 after purchasing an additional 991 shares during the period. Wagner Wealth Management LLC raised its holdings in Invesco Preferred ETF by 2.1% in the third quarter. Wagner Wealth Management LLC now owns 59,817 shares of the company’s stock worth $739,000 after purchasing an additional 1,239 shares in the last quarter. Gladstone Institutional Advisory LLC lifted its position in Invesco Preferred ETF by 5.5% during the third quarter. Gladstone Institutional Advisory LLC now owns 27,089 shares of the company’s stock valued at $335,000 after buying an additional 1,422 shares during the period. Finally, Sax Wealth Advisors LLC boosted its holdings in shares of Invesco Preferred ETF by 7.0% during the 4th quarter. Sax Wealth Advisors LLC now owns 21,951 shares of the company’s stock valued at $253,000 after buying an additional 1,440 shares in the last quarter.

Invesco Preferred ETF Trading Down 0.9 %

Shares of Invesco Preferred ETF stock opened at $11.55 on Friday. Invesco Preferred ETF has a 1 year low of $11.23 and a 1 year high of $12.54. The company has a 50-day moving average of $11.68 and a 200 day moving average of $11.94.

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.