Huntington National Bank Acquires 215,967 Shares of Invesco Preferred ETF (NYSEARCA:PGX)
Huntington National Bank increased its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 9.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,572,738 shares of the company’s stock after purchasing an additional 215,967 shares during the quarter. Huntington National Bank owned approximately 0.74% of Invesco Preferred ETF worth $37,638,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. Trinity Legacy Partners LLC acquired a new position in Invesco Preferred ETF in the fourth quarter valued at $25,435,000. Advisors Preferred LLC acquired a new position in Invesco Preferred ETF in the first quarter valued at $4,462,000. Edge Wealth Management LLC lifted its holdings in Invesco Preferred ETF by 32.4% in the first quarter. Edge Wealth Management LLC now owns 1,448,677 shares of the company’s stock valued at $20,964,000 after buying an additional 354,837 shares during the period. Appleton Group LLC acquired a new position in Invesco Preferred ETF in the first quarter valued at $4,863,000. Finally, Rockefeller Capital Management L.P. acquired a new position in Invesco Preferred ETF in the first quarter valued at $3,301,000.
PGX stock traded up $0.01 during midday trading on Friday, hitting $14.85. The stock had a trading volume of 1,125,944 shares, compared to its average volume of 2,047,692. Invesco Preferred ETF has a 1-year low of $13.12 and a 1-year high of $14.89. The company’s fifty day moving average price is $14.72.
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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