Mutual Advisors LLC Has $1.96 Million Stake in Invesco Preferred ETF (PGX)

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Mutual Advisors LLC lifted its position in Invesco Preferred ETF (NYSEARCA:PGX) by 37.5% in the third quarter, HoldingsChannel reports. The firm owned 136,892 shares of the company’s stock after purchasing an additional 37,351 shares during the quarter. Mutual Advisors LLC’s holdings in Invesco Preferred ETF were worth $1,960,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC grew its stake in Invesco Preferred ETF by 1.2% during the third quarter. LPL Financial LLC now owns 3,865,338 shares of the company’s stock valued at $55,352,000 after acquiring an additional 45,544 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Invesco Preferred ETF by 139.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,298,167 shares of the company’s stock valued at $32,910,000 after acquiring an additional 1,336,975 shares in the last quarter. MML Investors Services LLC grew its stake in Invesco Preferred ETF by 33.2% during the third quarter. MML Investors Services LLC now owns 1,265,844 shares of the company’s stock valued at $18,127,000 after acquiring an additional 315,324 shares in the last quarter. Prudential Financial Inc. grew its stake in Invesco Preferred ETF by 283.6% during the third quarter. Prudential Financial Inc. now owns 1,152,388 shares of the company’s stock valued at $16,502,000 after acquiring an additional 852,000 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Invesco Preferred ETF by 30.0% during the third quarter. Commonwealth Equity Services LLC now owns 1,134,144 shares of the company’s stock valued at $16,240,000 after acquiring an additional 262,047 shares in the last quarter.

PGX opened at $13.53 on Friday. Invesco Preferred ETF has a fifty-two week low of $13.45 and a fifty-two week high of $15.04.

The business also recently announced a monthly dividend, which was paid on Friday, November 30th. Investors of record on Tuesday, November 20th were paid a dividend of $0.067 per share. The ex-dividend date was Monday, November 19th. This represents a $0.80 annualized dividend and a yield of 5.94%.

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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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Want to see what other hedge funds are holding PGX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Preferred ETF (NYSEARCA:PGX).

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

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