Blair William & Co. IL Has $4.43 Million Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Blair William & Co. IL cut its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 384,235 shares of the company’s stock after selling 14,462 shares during the period. Blair William & Co. IL owned approximately 0.10% of Invesco Preferred ETF worth $4,430,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in Invesco Preferred ETF in the third quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Invesco Preferred ETF by 299.0% during the fourth 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 position in shares of Invesco Preferred ETF in the 4th quarter valued at $36,000. Roxbury Financial LLC bought a new stake in shares of Invesco Preferred ETF in the 4th quarter valued at $42,000. Finally, Millstone Evans Group LLC bought a new position in Invesco Preferred ETF during the fourth quarter worth about $50,000.

Invesco Preferred ETF Trading Down 0.4 %

PGX stock opened at $11.32 on Monday. Invesco Preferred ETF has a 1-year low of $11.23 and a 1-year high of $12.54. The business’s 50-day moving average price is $11.58 and its two-hundred day moving average price is $11.86.

Invesco Preferred ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a dividend of $0.0563 per share. The ex-dividend date was Monday, March 24th. This is a boost from Invesco Preferred ETF’s previous dividend of $0.05.

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.