Buck Wealth Strategies LLC Reduces Stock Position in Invesco Preferred ETF $PGX

Buck Wealth Strategies LLC cut its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 92.3% during the 3rd quarter, Holdings Channel reports. The firm owned 13,556 shares of the company’s stock after selling 161,382 shares during the period. Buck Wealth Strategies LLC’s holdings in Invesco Preferred ETF were worth $157,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Clearstead Trust LLC purchased a new stake in Invesco Preferred ETF in the 2nd quarter worth approximately $32,000. Motco purchased a new position in shares of Invesco Preferred ETF during the second quarter valued at approximately $39,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Invesco Preferred ETF during the second quarter valued at approximately $44,000. WealthShield Partners LLC raised its holdings in shares of Invesco Preferred ETF by 753.8% during the third quarter. WealthShield Partners LLC now owns 3,885 shares of the company’s stock valued at $45,000 after acquiring an additional 3,430 shares in the last quarter. Finally, American National Bank & Trust purchased a new stake in Invesco Preferred ETF in the third quarter worth $76,000. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Trading Down 0.2%

NYSEARCA:PGX opened at $11.36 on Wednesday. The firm’s fifty day simple moving average is $11.31 and its 200 day simple moving average is $11.43. Invesco Preferred ETF has a twelve month low of $10.70 and a twelve month high of $11.92.

Invesco Preferred ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were given a dividend of $0.0638 per share. This is an increase from Invesco Preferred ETF’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Tuesday, January 20th.

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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.