Summit Financial LLC Grows Stake in Invesco Preferred ETF (NYSEARCA:PGX)

Summit Financial LLC raised its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,035 shares of the company’s stock after purchasing an additional 2,555 shares during the period. Summit Financial LLC’s holdings in Invesco Preferred ETF were worth $635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of PGX. LPL Financial LLC grew its holdings in Invesco Preferred ETF by 14.8% during the 4th quarter. LPL Financial LLC now owns 14,706,360 shares of the company’s stock valued at $169,564,000 after purchasing an additional 1,897,392 shares during the last quarter. Spectrum Asset Management Inc. boosted its position in shares of Invesco Preferred ETF by 64.7% during the fourth quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock valued at $66,546,000 after buying an additional 2,266,498 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Invesco Preferred ETF by 131.9% in the fourth quarter. JPMorgan Chase & Co. now owns 4,148,592 shares of the company’s stock worth $47,833,000 after buying an additional 2,359,356 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Invesco Preferred ETF during the 4th quarter worth approximately $29,537,000. Finally, Commonwealth Equity Services LLC boosted its holdings in Invesco Preferred ETF by 11.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,448,097 shares of the company’s stock valued at $16,697,000 after acquiring an additional 148,346 shares during the period.

Invesco Preferred ETF Trading Up 0.2 %

PGX stock opened at $11.28 on Thursday. Invesco Preferred ETF has a twelve month low of $11.20 and a twelve month high of $12.54. The business’s fifty day simple moving average is $11.56 and its two-hundred day simple moving average is $11.84.

Invesco Preferred ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued 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 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.