Fifth Third Bancorp Boosts Stock Holdings in Invesco Preferred ETF $PGX

Fifth Third Bancorp lifted its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 25,538.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 146,141 shares of the company’s stock after buying an additional 145,571 shares during the quarter. Fifth Third Bancorp’s holdings in Invesco Preferred ETF were worth $1,590,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PGX. Cane Capital Partners LLC bought a new position in shares of Invesco Preferred ETF in the 4th quarter valued at $963,000. Trinity Legacy Partners LLC boosted its position in shares of Invesco Preferred ETF by 3,866.1% during the 4th quarter. Trinity Legacy Partners LLC now owns 717,856 shares of the company’s stock worth $8,069,000 after purchasing an additional 699,756 shares in the last quarter. New England Private Wealth Advisors LLC grew its position in Invesco Preferred ETF by 2,024.5% in the 4th quarter. New England Private Wealth Advisors LLC now owns 1,227,261 shares of the company’s stock valued at $13,817,000 after purchasing an additional 1,169,495 shares during the period. Transatlantique Private Wealth LLC increased its holdings in Invesco Preferred ETF by 23.5% during the 4th quarter. Transatlantique Private Wealth LLC now owns 270,002 shares of the company’s stock worth $3,035,000 after purchasing an additional 51,310 shares in the last quarter. Finally, Cohen & Steers Inc. grew its stake in shares of 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 acquiring an additional 2,049,049 shares in the last quarter. 8.60% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Preferred ETF Trading Down 0.5%

Shares of Invesco Preferred ETF stock opened at $10.71 on Friday. Invesco Preferred ETF has a 12 month low of $10.68 and a 12 month high of $11.92. The business’s fifty day simple moving average is $10.91 and its 200 day simple moving average is $11.13.

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.