ProVise Management Group LLC Acquires Shares of 36,069 Invesco Preferred ETF (PGX)

ProVise Management Group LLC acquired a new position in Invesco Preferred ETF (NYSEARCA:PGX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 36,069 shares of the company’s stock, valued at approximately $517,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stuart Chaussee & Associates Inc. bought a new stake in Invesco Preferred ETF during the second quarter valued at about $101,000. Capital Advisors Ltd. LLC bought a new stake in Invesco Preferred ETF during the third quarter valued at about $112,000. Bridgeworth LLC bought a new stake in Invesco Preferred ETF during the second quarter valued at about $125,000. Canandaigua National Bank & Trust Co. bought a new stake in Invesco Preferred ETF during the third quarter valued at about $145,000. Finally, Ausdal Financial Partners Inc. bought a new stake in Invesco Preferred ETF during the second quarter valued at about $152,000.

NYSEARCA:PGX opened at $14.04 on Friday. Invesco Preferred ETF has a 52-week low of $13.89 and a 52-week high of $15.08.

The business also recently declared a monthly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Tuesday, October 23rd were issued a dividend of $0.067 per share. This represents a $0.80 annualized dividend and a yield of 5.73%. The ex-dividend date was Monday, October 22nd. This is a positive change from Invesco Preferred ETF’s previous monthly dividend of $0.07.

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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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