First Hawaiian Bank Increases Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

First Hawaiian Bank raised its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 4.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 301,174 shares of the company’s stock after buying an additional 11,463 shares during the quarter. First Hawaiian Bank’s holdings in Invesco Preferred ETF were worth $3,473,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PGX. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco Preferred ETF in the 3rd quarter worth $31,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Invesco Preferred ETF during the 2nd quarter valued at about $35,000. Eastern Bank bought a new stake in Invesco Preferred ETF in the 3rd quarter worth approximately $37,000. Orrstown Financial Services Inc. purchased a new stake in Invesco Preferred ETF in the third quarter worth approximately $124,000. Finally, Ellis Investment Partners LLC purchased a new stake in Invesco Preferred ETF in the third quarter worth approximately $124,000.

Invesco Preferred ETF Trading Down 0.6 %

Shares of PGX stock traded down $0.07 during trading hours on Wednesday, hitting $11.52. 5,525,907 shares of the company’s stock were exchanged, compared to its average volume of 8,133,321. Invesco Preferred ETF has a 12-month low of $11.23 and a 12-month high of $12.54. The business’s 50 day simple moving average is $11.86 and its 200-day simple moving average is $11.95.

Invesco Preferred ETF Company 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.