Wealth Enhancement Advisory Services LLC Boosts Stake in Invesco Financial Preferred ETF $PGF

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) by 73.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,659 shares of the exchange traded fund’s stock after purchasing an additional 38,880 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Invesco Financial Preferred ETF were worth $1,349,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in PGF. Nvwm LLC acquired a new position in shares of Invesco Financial Preferred ETF during the second quarter valued at approximately $34,000. Motco acquired a new position in Invesco Financial Preferred ETF during the second quarter worth $39,000. Ameritas Advisory Services LLC purchased a new position in shares of Invesco Financial Preferred ETF during the 2nd quarter worth $84,000. Avion Wealth purchased a new position in Invesco Financial Preferred ETF during the second quarter worth about $127,000. Finally, Arkadios Wealth Advisors purchased a new stake in shares of Invesco Financial Preferred ETF during the 2nd quarter valued at approximately $146,000.

Invesco Financial Preferred ETF Stock Performance

NYSEARCA:PGF opened at $14.31 on Monday. Invesco Financial Preferred ETF has a 52 week low of $13.61 and a 52 week high of $15.00. The stock’s fifty day moving average is $14.23 and its two-hundred day moving average is $14.40.

Invesco Financial Preferred ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were issued a $0.0818 dividend. This is a boost from Invesco Financial Preferred ETF’s previous monthly dividend of $0.07. The ex-dividend date was Tuesday, January 20th. This represents a c) annualized dividend and a yield of 6.9%.

About Invesco Financial Preferred ETF

PowerShares Financial Preferred Portfolio (the Fund) is a non-diversified fund. The Fund is based on the Wells Fargo Hybrid and Preferred Financial Index (WHPSF Financial Index) (the Index). The Index tracks the performance of the United States-listed securities issued by financial institutions. The Index is rebalanced monthly. The Fund normally invests at least 90% of its total assets in preferred securities that consists of the Index. The Fund may contain securities in the financial and insurance sectors.