Godshalk Welsh Capital Management Inc. Trims Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Godshalk Welsh Capital Management Inc. decreased its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 7.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,400 shares of the company’s stock after selling 4,000 shares during the quarter. Godshalk Welsh Capital Management Inc.’s holdings in Invesco Preferred ETF were worth $570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Invesco Preferred ETF during the 3rd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 valued at $32,000 after buying an additional 2,093 shares in the last quarter. Kentucky Trust Co bought a new stake in shares of Invesco Preferred ETF during the fourth quarter valued at about $36,000. Roxbury Financial LLC bought a new stake in shares of Invesco Preferred ETF during the fourth quarter valued at about $42,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Invesco Preferred ETF in the fourth quarter worth about $50,000.

Invesco Preferred ETF Stock Down 0.8 %

Shares of NYSEARCA:PGX opened at $11.39 on Thursday. The company has a 50 day moving average of $11.59 and a 200 day moving average of $11.88. Invesco Preferred ETF has a 12 month low of $11.23 and a 12 month high of $12.54.

Invesco Preferred ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be given a dividend of $0.0563 per share. This is a positive change from Invesco Preferred ETF’s previous dividend of $0.05. The ex-dividend date of this dividend is Monday, March 24th.

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.