Stony Point Wealth Management Inc. reduced its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 16.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,690 shares of the company’s stock after selling 11,485 shares during the quarter. Stony Point Wealth Management Inc.’s holdings in Invesco Preferred ETF were worth $840,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Boothe Investment Group Inc. purchased a new position in Invesco Preferred ETF during the 2nd quarter valued at about $1,195,000. Ausdal Financial Partners Inc. purchased a new position in Invesco Preferred ETF during the 2nd quarter valued at about $152,000. Oppenheimer & Co. Inc. increased its holdings in Invesco Preferred ETF by 12.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,574 shares of the company’s stock valued at $707,000 after acquiring an additional 5,545 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Invesco Preferred ETF by 2.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 961,192 shares of the company’s stock valued at $13,995,000 after acquiring an additional 25,352 shares in the last quarter. Finally, Centaurus Financial Inc. increased its holdings in Invesco Preferred ETF by 77.4% during the 2nd quarter. Centaurus Financial Inc. now owns 41,906 shares of the company’s stock valued at $610,000 after acquiring an additional 18,287 shares in the last quarter.

NYSEARCA:PGX traded up $0.01 during mid-day trading on Friday, hitting $14.01. 72,159 shares of the company’s stock traded hands, compared to its average volume of 1,954,002. Invesco Preferred ETF has a 1 year low of $13.89 and a 1 year high of $15.08.

The firm also recently announced a monthly dividend, which was paid on Friday, September 28th. Shareholders of record on Tuesday, September 25th were issued a dividend of $0.067 per share. The ex-dividend date of this dividend was Monday, September 24th. This represents a $0.80 annualized dividend and a yield of 5.74%.

Invesco Preferred ETF 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.

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Institutional Ownership by Quarter for Invesco Preferred ETF (NYSEARCA:PGX)

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