Ausdal Financial Partners Inc. Has $409,000 Stake in Invesco Preferred ETF (NYSEARCA:PGX)

Ausdal Financial Partners Inc. boosted its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 28.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,486 shares of the company’s stock after acquiring an additional 7,795 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in Invesco Preferred ETF were worth $409,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PGX. Townsquare Capital LLC bought a new position in Invesco Preferred ETF during the 3rd quarter valued at about $275,000. Rockefeller Capital Management L.P. raised its stake in shares of Invesco Preferred ETF by 4.1% in the third quarter. Rockefeller Capital Management L.P. now owns 502,173 shares of the company’s stock valued at $6,202,000 after acquiring an additional 19,592 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of Invesco Preferred ETF by 1.1% in the 3rd quarter. Captrust Financial Advisors now owns 87,953 shares of the company’s stock worth $1,086,000 after acquiring an additional 991 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in Invesco Preferred ETF during the 3rd quarter worth approximately $127,000. Finally, HighTower Advisors LLC increased its holdings in Invesco Preferred ETF by 268.5% during the 3rd quarter. HighTower Advisors LLC now owns 103,643 shares of the company’s stock valued at $1,278,000 after purchasing an additional 75,520 shares in the last quarter.

Invesco Preferred ETF Trading Down 0.4 %

Shares of PGX opened at $11.32 on Friday. The stock has a fifty day moving average price of $11.58 and a two-hundred day moving average price of $11.87. Invesco Preferred ETF has a 52-week low of $11.23 and a 52-week high of $12.54.

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 issued a $0.0563 dividend. This is a boost from Invesco Preferred ETF’s previous dividend of $0.05. The ex-dividend date 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.