MV Capital Management Inc. decreased its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 302,479 shares of the company’s stock after selling 27,474 shares during the quarter. Invesco Preferred ETF makes up 1.1% of MV Capital Management Inc.’s investment portfolio, making the stock its 21st biggest holding. MV Capital Management Inc. owned approximately 0.09% of Invesco Preferred ETF worth $4,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Stuart Chaussee & Associates Inc. acquired a new position in shares of Invesco Preferred ETF during the 2nd quarter worth about $101,000. Capital Advisors Ltd. LLC acquired a new position in shares of Invesco Preferred ETF during the 3rd quarter worth about $112,000. Bridgeworth LLC acquired a new position in shares of Invesco Preferred ETF during the 2nd quarter worth about $125,000. Canandaigua National Bank & Trust Co. acquired a new position in shares of Invesco Preferred ETF during the 3rd quarter worth about $145,000. Finally, Ausdal Financial Partners Inc. acquired a new position in shares of Invesco Preferred ETF during the 2nd quarter worth about $152,000.
NYSEARCA:PGX opened at $14.03 on Friday. Invesco Preferred ETF has a 1 year low of $13.89 and a 1 year high of $15.08.
The firm also recently disclosed a monthly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Tuesday, October 23rd were given a dividend of $0.067 per share. This is a boost from Invesco Preferred ETF’s previous monthly dividend of $0.07. This represents a $0.80 annualized dividend and a dividend yield of 5.73%. The ex-dividend date of this dividend was Monday, October 22nd.
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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