Piscataqua Savings Bank Lowers Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Piscataqua Savings Bank lessened its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 1.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 136,561 shares of the company’s stock after selling 1,608 shares during the period. Invesco Preferred ETF makes up approximately 1.3% of Piscataqua Savings Bank’s portfolio, making the stock its 24th largest position. Piscataqua Savings Bank’s holdings in Invesco Preferred ETF were worth $1,553,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of Invesco Preferred ETF by 13.9% during the 4th quarter. Bank of America Corp DE now owns 57,289,724 shares of the company’s stock valued at $640,499,000 after buying an additional 6,997,799 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Invesco Preferred ETF by 20.7% in the 1st quarter. Ameriprise Financial Inc. now owns 12,055,619 shares of the company’s stock valued at $138,580,000 after buying an additional 2,069,259 shares in the last quarter. Morgan Stanley increased its stake in Invesco Preferred ETF by 1.5% during the 4th quarter. Morgan Stanley now owns 11,412,032 shares of the company’s stock worth $127,587,000 after buying an additional 172,922 shares in the last quarter. LPL Financial LLC increased its position in shares of Invesco Preferred ETF by 54.0% during the first quarter. LPL Financial LLC now owns 9,179,765 shares of the company’s stock worth $105,384,000 after purchasing an additional 3,218,377 shares in the last quarter. Finally, Stonebridge Advisors LLC boosted its position in Invesco Preferred ETF by 314.8% during the first quarter. Stonebridge Advisors LLC now owns 5,278,814 shares of the company’s stock worth $60,601,000 after acquiring an additional 4,006,236 shares during the last quarter.

Invesco Preferred ETF Stock Performance

Shares of NYSEARCA:PGX opened at $11.17 on Tuesday. Invesco Preferred ETF has a 52-week low of $10.80 and a 52-week high of $12.81. The business has a fifty day moving average of $11.20 and a two-hundred day moving average of $11.31.

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.