First National Bank & Trust Co. of Newtown Sells 72,258 Shares of Invesco Preferred ETF $PGX

First National Bank & Trust Co. of Newtown trimmed its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 12.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 530,142 shares of the company’s stock after selling 72,258 shares during the period. Invesco Preferred ETF makes up approximately 1.2% of First National Bank & Trust Co. of Newtown’s holdings, making the stock its 15th biggest holding. First National Bank & Trust Co. of Newtown’s holdings in Invesco Preferred ETF were worth $5,768,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ibex Wealth Advisors grew its holdings in shares of Invesco Preferred ETF by 0.8% in the first quarter. Ibex Wealth Advisors now owns 121,097 shares of the company’s stock valued at $1,318,000 after purchasing an additional 909 shares in the last quarter. Kestra Advisory Services LLC increased its position in Invesco Preferred ETF by 71.7% in the first quarter. Kestra Advisory Services LLC now owns 304,303 shares of the company’s stock worth $3,311,000 after purchasing an additional 127,044 shares during the last quarter. Weitzel Financial Services Inc. purchased a new stake in Invesco Preferred ETF during the first quarter valued at $162,000. Brighton Securities CORP. raised its stake in Invesco Preferred ETF by 9.6% during the first quarter. Brighton Securities CORP. now owns 167,863 shares of the company’s stock valued at $1,826,000 after purchasing an additional 14,753 shares in the last quarter. Finally, Ascentis Independent Advisors lifted its position in Invesco Preferred ETF by 100.0% during the first quarter. Ascentis Independent Advisors now owns 25,992 shares of the company’s stock valued at $283,000 after purchasing an additional 12,996 shares during the last quarter. 8.60% of the stock is currently owned by institutional investors.

Invesco Preferred ETF Price Performance

Shares of NYSEARCA:PGX opened at $10.86 on Friday. Invesco Preferred ETF has a 52 week low of $10.76 and a 52 week high of $11.92. The firm has a fifty day simple moving average of $10.97 and a two-hundred day simple moving average of $11.16.

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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.