Allworth Financial LP Boosts Stock Position in Invesco Preferred ETF $PGX

Allworth Financial LP grew its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 7.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,050,046 shares of the company’s stock after purchasing an additional 201,458 shares during the quarter. Allworth Financial LP owned approximately 0.89% of Invesco Preferred ETF worth $35,381,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Shepherd Kaplan Krochuk LLC raised its stake in shares of Invesco Preferred ETF by 0.6% during the third quarter. Shepherd Kaplan Krochuk LLC now owns 153,126 shares of the company’s stock worth $1,776,000 after acquiring an additional 962 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of Invesco Preferred ETF by 4.1% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 27,473 shares of the company’s stock valued at $319,000 after purchasing an additional 1,089 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Invesco Preferred ETF by 0.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 167,868 shares of the company’s stock valued at $1,957,000 after purchasing an additional 1,183 shares during the last quarter. Modern Wealth Management LLC raised its position in Invesco Preferred ETF by 5.5% in the 2nd 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 during the period. Finally, Consolidated Portfolio Review Corp raised its position in Invesco Preferred ETF by 8.4% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 19,353 shares of the company’s stock worth $224,000 after purchasing an additional 1,503 shares during the period. 8.60% of the stock is owned by hedge funds and other institutional investors.

Invesco Preferred ETF Price Performance

Invesco Preferred ETF stock opened at $11.13 on Thursday. The firm has a fifty day simple moving average of $11.37 and a two-hundred day simple moving average of $11.43. Invesco Preferred ETF has a twelve month low of $10.70 and a twelve month high of $11.92.

Invesco Preferred ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were paid a $0.0543 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Monday, February 23rd.

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.