Wealthcare Advisory Partners LLC Reduces Position in Invesco Preferred ETF (PGX)

Wealthcare Advisory Partners LLC lowered its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,826 shares of the company’s stock after selling 1,922 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Invesco Preferred ETF were worth $658,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Old North State Trust LLC boosted its stake in Invesco Preferred ETF by 1.3% during the fourth quarter. Old North State Trust LLC now owns 95,289 shares of the company’s stock worth $1,283,000 after acquiring an additional 1,213 shares in the last quarter. Kays Financial Advisory Corp ADV boosted its stake in Invesco Preferred ETF by 7.2% during the fourth quarter. Kays Financial Advisory Corp ADV now owns 25,477 shares of the company’s stock worth $343,000 after acquiring an additional 1,702 shares in the last quarter. Captrust Financial Advisors boosted its stake in Invesco Preferred ETF by 11.6% during the fourth quarter. Captrust Financial Advisors now owns 17,231 shares of the company’s stock worth $232,000 after acquiring an additional 1,791 shares in the last quarter. National Asset Management Inc. boosted its stake in Invesco Preferred ETF by 12.6% during the fourth quarter. National Asset Management Inc. now owns 20,592 shares of the company’s stock worth $278,000 after acquiring an additional 2,310 shares in the last quarter. Finally, Doyle Wealth Management bought a new stake in Invesco Preferred ETF during the fourth quarter worth about $31,000.

NYSEARCA:PGX opened at $14.55 on Friday. Invesco Preferred ETF has a one year low of $13.12 and a one year high of $14.79.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 28th. Investors of record on Wednesday, February 20th were paid a dividend of $0.0679 per share. The ex-dividend date was Tuesday, February 19th. This represents a $0.81 annualized dividend and a yield of 5.60%. This is a positive change from Invesco Preferred ETF’s previous monthly dividend of $0.07.

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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.

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

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