Invesco Preferred ETF (NYSEARCA:PGX) Shares Acquired by Cohen & Steers Inc.

Cohen & Steers Inc. lifted its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 2,643,140.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,995,724 shares of the company’s stock after acquiring an additional 4,995,535 shares during the quarter. Cohen & Steers Inc. owned 1.33% of Invesco Preferred ETF worth $57,601,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Bernard Wealth Management Corp. purchased a new stake in Invesco Preferred ETF during the 4th quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Invesco Preferred ETF in the 3rd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Invesco Preferred ETF by 299.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock worth $32,000 after buying an additional 2,093 shares in the last quarter. Kentucky Trust Co purchased a new stake in shares of Invesco Preferred ETF during the fourth quarter worth approximately $36,000. Finally, Roxbury Financial LLC acquired a new stake in Invesco Preferred ETF in the fourth quarter valued at approximately $42,000.

Invesco Preferred ETF Trading Down 0.6 %

Shares of Invesco Preferred ETF stock opened at $10.78 on Monday. Invesco Preferred ETF has a 52-week low of $10.70 and a 52-week high of $12.54. The company has a 50 day moving average of $11.44 and a 200 day moving average of $11.75.

Invesco Preferred ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.0563 dividend. The ex-dividend date was Monday, March 24th. This is an increase from Invesco Preferred ETF’s previous dividend of $0.05.

Invesco Preferred ETF Company 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.