Cullen Frost Bankers Inc. Sells 41,953 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Cullen Frost Bankers Inc. decreased its position in Invesco Preferred ETF (NYSEARCA:PGX) by 60.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 27,176 shares of the company’s stock after selling 41,953 shares during the period. Cullen Frost Bankers Inc.’s holdings in Invesco Preferred ETF were worth $313,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in PGX. Wilmington Savings Fund Society FSB bought a new stake in Invesco Preferred ETF in the third quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Invesco Preferred ETF by 299.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock valued at $32,000 after acquiring an additional 2,093 shares in the last quarter. Kentucky Trust Co bought a new stake in Invesco Preferred ETF in the fourth quarter valued at $36,000. Roxbury Financial LLC bought a new stake in Invesco Preferred ETF in the fourth quarter valued at $42,000. Finally, Benjamin Edwards Inc. bought a new stake in Invesco Preferred ETF in the third quarter valued at $127,000.

Invesco Preferred ETF Trading Down 0.3 %

NYSEARCA:PGX opened at $11.52 on Friday. The firm’s fifty day simple moving average is $11.60 and its 200 day simple moving average is $11.92. Invesco Preferred ETF has a twelve month low of $11.23 and a twelve month high of $12.54.

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.