Rockefeller Capital Management L.P. Trims Stock Position in Invesco Preferred ETF $PGX

Rockefeller Capital Management L.P. lessened its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 758,057 shares of the company’s stock after selling 55,853 shares during the quarter. Rockefeller Capital Management L.P. owned 0.22% of Invesco Preferred ETF worth $8,521,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Cohen & Steers Inc. raised its holdings in Invesco Preferred ETF by 1,881.8% in the 4th quarter. Cohen & Steers Inc. now owns 2,157,935 shares of the company’s stock worth $24,255,000 after purchasing an additional 2,049,049 shares during the period. First Trust Advisors LP purchased a new position in shares of Invesco Preferred ETF in the fourth quarter valued at approximately $22,103,000. Spectrum Asset Management Inc. lifted its position in shares of Invesco Preferred ETF by 47.9% in the fourth quarter. Spectrum Asset Management Inc. now owns 5,372,426 shares of the company’s stock valued at $60,386,000 after acquiring an additional 1,739,156 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Invesco Preferred ETF by 2.1% in the third quarter. Bank of America Corp DE now owns 65,973,646 shares of the company’s stock worth $765,294,000 after acquiring an additional 1,333,558 shares during the last quarter. Finally, UBS Group AG boosted its stake in shares of Invesco Preferred ETF by 32.2% in the fourth quarter. UBS Group AG now owns 5,345,570 shares of the company’s stock worth $60,084,000 after acquiring an additional 1,300,981 shares during the last quarter. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Trading Down 0.1%

Shares of PGX opened at $10.82 on Friday. The stock has a 50 day moving average price of $11.03 and a 200 day moving average price of $11.19. Invesco Preferred ETF has a one year low of $10.81 and a one year high of $11.92.

Invesco Preferred ETF 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. 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.