Invesco Preferred ETF (NYSEARCA:PGX) Shares Purchased by LPL Financial LLC

LPL Financial LLC grew its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 14.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,706,360 shares of the company’s stock after acquiring an additional 1,897,392 shares during the quarter. LPL Financial LLC owned about 3.93% of Invesco Preferred ETF worth $169,564,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in Invesco Preferred ETF during the third quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Invesco Preferred ETF by 299.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock worth $32,000 after purchasing an additional 2,093 shares in the last quarter. Kentucky Trust Co acquired a new stake in Invesco Preferred ETF during the 4th quarter worth approximately $36,000. Roxbury Financial LLC acquired a new position in Invesco Preferred ETF during the fourth quarter valued at approximately $42,000. Finally, Millstone Evans Group LLC acquired a new position in Invesco Preferred ETF during the fourth quarter valued at approximately $50,000.

Invesco Preferred ETF Price Performance

Invesco Preferred ETF stock opened at $11.47 on Tuesday. The firm has a fifty day moving average of $11.60 and a 200-day moving average of $11.88. Invesco Preferred ETF has a 52-week low of $11.23 and a 52-week high of $12.54.

Invesco Preferred ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be issued a $0.0563 dividend. The ex-dividend date is Monday, March 24th. This is a boost from Invesco Preferred ETF’s previous dividend of $0.05.

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.