Invesco Preferred ETF $PGX Stock Holdings Lessened by Charles Schwab Trust Co

Charles Schwab Trust Co lessened its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 66.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,717 shares of the company’s stock after selling 203,316 shares during the quarter. Charles Schwab Trust Co’s holdings in Invesco Preferred ETF were worth $1,044,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE raised its position in shares of Invesco Preferred ETF by 3.4% in the first quarter. Bank of America Corp DE now owns 81,133,531 shares of the company’s stock valued at $882,733,000 after buying an additional 2,684,132 shares in the last quarter. Stonebridge Advisors LLC grew its position in Invesco Preferred ETF by 54.4% during the first quarter. Stonebridge Advisors LLC now owns 1,223,779 shares of the company’s stock worth $13,315,000 after buying an additional 431,371 shares in the last quarter. Compass Financial Group Inc. Ohio acquired a new stake in Invesco Preferred ETF during the fourth quarter worth approximately $3,766,000. Envestnet Asset Management Inc. increased its stake in Invesco Preferred ETF by 47.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 976,257 shares of the company’s stock worth $10,583,000 after acquiring an additional 313,045 shares during the period. Finally, Brighton Securities CORP. bought a new position in Invesco Preferred ETF during the 3rd quarter worth $1,781,000. 8.60% of the stock is owned by institutional investors.

Invesco Preferred ETF Price Performance

NYSEARCA PGX traded up $0.12 during midday trading on Thursday, hitting $10.11. The company had a trading volume of 5,472,812 shares, compared to its average volume of 3,859,372. The firm has a 50-day moving average price of $10.41 and a 200-day moving average price of $10.77. Invesco Preferred ETF has a twelve month low of $9.93 and a twelve month high of $11.64.

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.