Arkos Global Advisors Sells 129,310 Shares of Invesco Preferred ETF $PGX

Arkos Global Advisors lessened its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 22.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 452,361 shares of the company’s stock after selling 129,310 shares during the quarter. Invesco Preferred ETF makes up 0.7% of Arkos Global Advisors’ holdings, making the stock its 24th biggest position. Arkos Global Advisors owned about 0.13% of Invesco Preferred ETF worth $5,247,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PGX. Creative Planning raised its position in Invesco Preferred ETF by 1.1% during the third quarter. Creative Planning now owns 879,203 shares of the company’s stock worth $10,199,000 after acquiring an additional 9,578 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Invesco Preferred ETF by 7.2% in the 3rd quarter. Raymond James Financial Inc. now owns 2,901,409 shares of the company’s stock valued at $33,656,000 after acquiring an additional 194,411 shares during the period. Shepherd Kaplan Krochuk LLC grew its position in shares of Invesco Preferred ETF by 0.6% in the 3rd quarter. Shepherd Kaplan Krochuk LLC now owns 153,126 shares of the company’s stock valued at $1,776,000 after acquiring an additional 962 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Invesco Preferred ETF during the 3rd quarter worth about $1,549,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Invesco Preferred ETF by 5,350,000.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 107,002 shares of the company’s stock worth $1,241,000 after purchasing an additional 107,000 shares during the last quarter. 8.60% of the stock is owned by institutional investors.

Invesco Preferred ETF Stock Down 0.4%

Shares of PGX stock opened at $11.16 on Friday. Invesco Preferred ETF has a 52-week low of $10.70 and a 52-week high of $11.92. The firm’s 50-day moving average is $11.37 and its 200-day moving average is $11.44.

Invesco Preferred ETF Cuts Dividend

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

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.