Invesco Preferred ETF (PGX) Shares Bought by Mutual Advisors LLC

Mutual Advisors LLC boosted its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 37.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,892 shares of the company’s stock after purchasing an additional 37,351 shares during the period. Mutual Advisors LLC’s holdings in Invesco Preferred ETF were worth $1,960,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Envestnet Asset Management Inc. increased its holdings in Invesco Preferred ETF by 77.9% during the third quarter. Envestnet Asset Management Inc. now owns 703,258 shares of the company’s stock valued at $10,071,000 after buying an additional 307,933 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Invesco Preferred ETF by 612.1% during the third quarter. The Manufacturers Life Insurance Company now owns 646,949 shares of the company’s stock valued at $9,264,000 after buying an additional 556,100 shares during the last quarter. LPL Financial LLC increased its holdings in Invesco Preferred ETF by 1.2% during the third quarter. LPL Financial LLC now owns 3,865,338 shares of the company’s stock valued at $55,352,000 after buying an additional 45,544 shares during the last quarter. Lido Advisors LLC increased its holdings in Invesco Preferred ETF by 95.0% during the third quarter. Lido Advisors LLC now owns 68,831 shares of the company’s stock valued at $985,000 after buying an additional 33,526 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in Invesco Preferred ETF during the third quarter valued at approximately $973,000.

Shares of PGX stock opened at $13.53 on Friday. Invesco Preferred ETF has a 12 month low of $13.45 and a 12 month high of $15.04.

The firm also recently announced a monthly dividend, which was paid on Friday, November 30th. Shareholders of record on Tuesday, November 20th were issued a dividend of $0.067 per share. The ex-dividend date was Monday, November 19th. This represents a $0.80 dividend on an annualized basis and a yield of 5.94%.

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Invesco Preferred ETF Company 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.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

Institutional Ownership by Quarter for Invesco Preferred ETF (NYSEARCA:PGX)

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