Perennial Investment Advisors LLC Buys 2,710 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Perennial Investment Advisors LLC raised its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,354 shares of the company’s stock after purchasing an additional 2,710 shares during the period. Perennial Investment Advisors LLC’s holdings in Invesco Preferred ETF were worth $419,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PGX. Wilmington Savings Fund Society FSB bought a new position in Invesco Preferred ETF in the 3rd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Invesco Preferred ETF by 299.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock valued at $32,000 after purchasing an additional 2,093 shares during the last quarter. Kentucky Trust Co bought a new position in shares of Invesco Preferred ETF during the fourth quarter worth approximately $36,000. Roxbury Financial LLC acquired a new stake in Invesco Preferred ETF during the 4th quarter worth approximately $42,000. Finally, Millstone Evans Group LLC acquired a new position in Invesco Preferred ETF in the 4th quarter valued at $50,000.

Invesco Preferred ETF Trading Down 0.6 %

PGX stock opened at $11.08 on Friday. Invesco Preferred ETF has a fifty-two week low of $10.93 and a fifty-two week high of $12.54. The business’s fifty day moving average price is $11.54 and its two-hundred day moving average price is $11.82.

Invesco Preferred ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.0563 per share. This is a positive change from Invesco Preferred ETF’s previous dividend of $0.05. The ex-dividend date of this dividend was Monday, March 24th.

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.