Ausdal Financial Partners Inc. Purchases 7,795 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Ausdal Financial Partners Inc. grew its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 28.1% in the fourth quarter, HoldingsChannel reports. The fund owned 35,486 shares of the company’s stock after buying an additional 7,795 shares during the period. Ausdal Financial Partners Inc.’s holdings in Invesco Preferred ETF were worth $409,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in Invesco Preferred ETF in the 4th quarter worth about $29,537,000. Spectrum Asset Management Inc. increased its holdings in shares of Invesco Preferred ETF by 64.7% during the fourth quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock worth $66,546,000 after purchasing an additional 2,266,498 shares during the period. LPL Financial LLC raised its position in shares of Invesco Preferred ETF by 14.8% in the fourth quarter. LPL Financial LLC now owns 14,706,360 shares of the company’s stock valued at $169,564,000 after buying an additional 1,897,392 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Invesco Preferred ETF by 71.6% in the third quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock valued at $22,097,000 after buying an additional 746,783 shares during the period. Finally, One Capital Management LLC grew its position in Invesco Preferred ETF by 818.6% during the fourth quarter. One Capital Management LLC now owns 780,407 shares of the company’s stock worth $8,998,000 after buying an additional 695,449 shares in the last quarter.

Invesco Preferred ETF Stock Down 0.4 %

Shares of NYSEARCA PGX opened at $11.32 on Friday. The business has a fifty day moving average price of $11.58 and a two-hundred day moving average price of $11.87. Invesco Preferred ETF has a fifty-two week low of $11.23 and a fifty-two week high of $12.54.

Invesco Preferred ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.0563 dividend. The ex-dividend date of this dividend 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.