AlphaStar Capital Management LLC Has $4.68 Million Stake in Invesco Preferred ETF (PGX)

AlphaStar Capital Management LLC lifted its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 10.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 326,868 shares of the company’s stock after purchasing an additional 31,450 shares during the quarter. Invesco Preferred ETF comprises about 1.4% of AlphaStar Capital Management LLC’s investment portfolio, making the stock its 15th biggest position. AlphaStar Capital Management LLC owned about 0.10% of Invesco Preferred ETF worth $4,681,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Invesco Preferred ETF by 139.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,298,167 shares of the company’s stock worth $32,910,000 after purchasing an additional 1,336,975 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Invesco Preferred ETF by 33.2% during the third quarter. MML Investors Services LLC now owns 1,265,844 shares of the company’s stock worth $18,127,000 after purchasing an additional 315,324 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Invesco Preferred ETF by 283.6% during the third quarter. Prudential Financial Inc. now owns 1,152,388 shares of the company’s stock worth $16,502,000 after purchasing an additional 852,000 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Invesco Preferred ETF by 30.0% during the third quarter. Commonwealth Equity Services LLC now owns 1,134,144 shares of the company’s stock worth $16,240,000 after purchasing an additional 262,047 shares during the last quarter. Finally, Advisors Preferred LLC boosted its holdings in shares of Invesco Preferred ETF by 40.9% during the second quarter. Advisors Preferred LLC now owns 559,491 shares of the company’s stock worth $8,146,000 after purchasing an additional 162,506 shares during the last quarter.

PGX stock opened at $13.61 on Monday. Invesco Preferred ETF has a 52-week low of $13.60 and a 52-week high of $15.08.

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 30th. Stockholders of record on Tuesday, November 20th were issued a dividend of $0.067 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.91%. The ex-dividend date was Monday, November 19th.

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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.

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

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