Blair William & Co. IL Grows Stock Holdings in Invesco Preferred ETF $PGX

Blair William & Co. IL increased its position in Invesco Preferred ETF (NYSEARCA:PGX) by 12.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 410,030 shares of the company’s stock after buying an additional 46,472 shares during the period. Blair William & Co. IL owned about 0.12% of Invesco Preferred ETF worth $4,756,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Cullen Frost Bankers Inc. lifted its position in shares of Invesco Preferred ETF by 4.1% in the third quarter. Cullen Frost Bankers Inc. now owns 27,473 shares of the company’s stock valued at $319,000 after acquiring an additional 1,089 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Invesco Preferred ETF by 0.7% during the third quarter. Jones Financial Companies Lllp now owns 167,868 shares of the company’s stock worth $1,957,000 after purchasing an additional 1,183 shares in the last quarter. Modern Wealth Management LLC grew its position in shares of Invesco Preferred ETF by 5.5% during the second quarter. Modern Wealth Management LLC now owns 25,839 shares of the company’s stock worth $288,000 after purchasing an additional 1,349 shares in the last quarter. Consolidated Portfolio Review Corp raised its stake in Invesco Preferred ETF by 8.4% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 19,353 shares of the company’s stock valued at $224,000 after purchasing an additional 1,503 shares during the period. Finally, Invesco Ltd. raised its stake in Invesco Preferred ETF by 1.5% during the 2nd quarter. Invesco Ltd. now owns 112,606 shares of the company’s stock valued at $1,253,000 after purchasing an additional 1,693 shares during the period. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Price Performance

NYSEARCA PGX opened at $11.30 on Wednesday. Invesco Preferred ETF has a 12 month low of $10.70 and a 12 month high of $11.92. The stock’s 50 day moving average is $11.38 and its 200 day moving average is $11.44.

Invesco Preferred ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given a dividend of $0.0543 per share. The ex-dividend date was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 5.8%.

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.