Ibex Wealth Advisors bought a new stake in Invesco Preferred ETF (NYSEARCA:PGX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 165,162 shares of the company’s stock, valued at approximately $2,411,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Valicenti Advisory Services Inc. lifted its position in shares of Invesco Preferred ETF by 17.2% in the second quarter. Valicenti Advisory Services Inc. now owns 24,850 shares of the company’s stock worth $362,000 after buying an additional 3,650 shares during the last quarter. Buffington Mohr McNeal lifted its position in shares of Invesco Preferred ETF by 0.5% in the second quarter. Buffington Mohr McNeal now owns 715,348 shares of the company’s stock worth $10,415,000 after buying an additional 3,673 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Invesco Preferred ETF by 0.5% in the second quarter. Commonwealth Equity Services LLC now owns 872,097 shares of the company’s stock worth $12,698,000 after buying an additional 4,281 shares during the last quarter. Greenwood Capital Associates LLC lifted its position in shares of Invesco Preferred ETF by 6.5% in the second quarter. Greenwood Capital Associates LLC now owns 71,115 shares of the company’s stock worth $1,035,000 after buying an additional 4,365 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Invesco Preferred ETF by 19.7% in the first quarter. JPMorgan Chase & Co. now owns 27,553 shares of the company’s stock worth $402,000 after buying an additional 4,531 shares during the last quarter.

Shares of NYSEARCA:PGX traded down $0.07 on Monday, reaching $14.35. The company had a trading volume of 1,356,146 shares, compared to its average volume of 1,834,821. Invesco Preferred ETF has a twelve month low of $14.10 and a twelve month high of $15.08.

The business also recently declared a monthly dividend, which will be paid on Friday, September 28th. Shareholders of record on Tuesday, September 25th will be given a $0.067 dividend. The ex-dividend date is Monday, September 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.60%.

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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