CreativeOne Wealth LLC Raises Position in Invesco Preferred ETF $PGX

CreativeOne Wealth LLC increased its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 357.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,356 shares of the company’s stock after purchasing an additional 45,586 shares during the period. CreativeOne Wealth LLC’s holdings in Invesco Preferred ETF were worth $677,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Clearstead Trust LLC purchased a new stake in Invesco Preferred ETF in the 2nd quarter valued at about $32,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Invesco Preferred ETF in the second quarter worth approximately $44,000. WealthShield Partners LLC grew its holdings in Invesco Preferred ETF by 753.8% in the third quarter. WealthShield Partners LLC now owns 3,885 shares of the company’s stock valued at $45,000 after purchasing an additional 3,430 shares during the period. American National Bank & Trust acquired a new position in Invesco Preferred ETF during the third quarter worth approximately $76,000. Finally, Ameriflex Group Inc. raised its stake in Invesco Preferred ETF by 5,208.9% during the third quarter. Ameriflex Group Inc. now owns 8,388 shares of the company’s stock worth $97,000 after purchasing an additional 8,230 shares during the period. 8.60% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Preferred ETF Trading Down 0.4%

Shares of PGX opened at $11.21 on Friday. Invesco Preferred ETF has a fifty-two week low of $10.70 and a fifty-two week high of $11.92. The company’s fifty day moving average is $11.38 and its two-hundred day moving average is $11.44.

Invesco Preferred ETF Cuts Dividend

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

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. 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.