Baird Financial Group Inc. Sells 11,147 Shares of Invesco Preferred ETF (PGX)

Baird Financial Group Inc. decreased its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 4.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 228,855 shares of the company’s stock after selling 11,147 shares during the quarter. Baird Financial Group Inc. owned approximately 0.06% of Invesco Preferred ETF worth $3,332,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Royal Bank of Canada boosted its stake in shares of Invesco Preferred ETF by 4.3% in the first quarter. Royal Bank of Canada now owns 8,893,420 shares of the company’s stock worth $129,844,000 after buying an additional 370,121 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Invesco Preferred ETF by 12.9% in the first quarter. LPL Financial LLC now owns 4,306,701 shares of the company’s stock worth $62,878,000 after buying an additional 493,265 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of Invesco Preferred ETF by 12.1% in the first quarter. MML Investors Services LLC now owns 978,590 shares of the company’s stock worth $14,287,000 after buying an additional 105,806 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Invesco Preferred ETF by 2.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 961,192 shares of the company’s stock worth $13,995,000 after buying an additional 25,352 shares during the last quarter. Finally, KCM Investment Advisors LLC boosted its stake in shares of Invesco Preferred ETF by 0.7% in the first quarter. KCM Investment Advisors LLC now owns 913,642 shares of the company’s stock worth $13,339,000 after buying an additional 6,095 shares during the last quarter.

Shares of PGX opened at $14.49 on Friday. Invesco Preferred ETF has a 52 week low of $14.10 and a 52 week high of $15.12.

The business also recently announced a monthly dividend, which was paid on Friday, August 31st. Stockholders of record on Tuesday, August 21st were paid a $0.067 dividend. The ex-dividend date of this dividend was Monday, August 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.55%.

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.

Featured Article: Momentum Indicator: Relative Strength Index

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

Receive News & Ratings for Invesco Preferred ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Preferred ETF and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply