JPMorgan Chase & Co. Has $51.47 Million Position in Invesco Preferred ETF $PGX

JPMorgan Chase & Co. lifted its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 7.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,437,063 shares of the company’s stock after purchasing an additional 298,013 shares during the period. JPMorgan Chase & Co. owned 1.30% of Invesco Preferred ETF worth $51,470,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. HighTower Advisors LLC boosted its position in Invesco Preferred ETF by 12.3% during the 3rd quarter. HighTower Advisors LLC now owns 138,503 shares of the company’s stock worth $1,607,000 after acquiring an additional 15,147 shares during the last quarter. Cibc World Market Inc. lifted its holdings in Invesco Preferred ETF by 7.8% during the 3rd quarter. Cibc World Market Inc. now owns 64,217 shares of the company’s stock worth $745,000 after purchasing an additional 4,632 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Invesco Preferred ETF by 8.2% in the third quarter. Oppenheimer & Co. Inc. now owns 284,870 shares of the company’s stock valued at $3,304,000 after acquiring an additional 21,692 shares in the last quarter. Capital Investment Advisory Services LLC grew its position in shares of Invesco Preferred ETF by 57.3% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 10,094 shares of the company’s stock worth $117,000 after purchasing an additional 3,675 shares in the last quarter. Finally, Checchi Capital Advisers LLC increased its stake in Invesco Preferred ETF by 6.4% during the 3rd quarter. Checchi Capital Advisers LLC now owns 1,550,907 shares of the company’s stock worth $17,991,000 after acquiring an additional 93,853 shares during the period. 8.60% of the stock is owned by institutional investors.

Invesco Preferred ETF Stock Down 0.1%

Shares of Invesco Preferred ETF stock opened at $11.42 on Thursday. Invesco Preferred ETF has a 1-year low of $10.70 and a 1-year high of $11.92. The company has a 50 day moving average of $11.36 and a 200-day moving average of $11.45.

Invesco Preferred ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 23rd will be given a dividend of $0.0543 per share. The ex-dividend date is Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 5.7%.

About Invesco Preferred ETF

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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.