Huntington National Bank Has $17.77 Million Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Huntington National Bank cut its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,541,026 shares of the company’s stock after selling 71,039 shares during the period. Huntington National Bank’s holdings in Invesco Preferred ETF were worth $17,768,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wealthcare Advisory Partners LLC increased its holdings in Invesco Preferred ETF by 8.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 33,422 shares of the company’s stock worth $385,000 after buying an additional 2,576 shares during the last quarter. Jane Street Group LLC lifted its position in Invesco Preferred ETF by 85.7% during the third quarter. Jane Street Group LLC now owns 75,421 shares of the company’s stock worth $931,000 after acquiring an additional 34,804 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Invesco Preferred ETF by 6.2% during the fourth quarter. Park Avenue Securities LLC now owns 38,714 shares of the company’s stock worth $446,000 after acquiring an additional 2,272 shares during the period. JPMorgan Chase & Co. grew its position 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 purchasing an additional 746,783 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Invesco Preferred ETF by 632.8% during the third quarter. Principal Financial Group Inc. now owns 94,686 shares of the company’s stock worth $1,169,000 after purchasing an additional 81,764 shares during the period.

Invesco Preferred ETF Price Performance

NYSEARCA:PGX opened at $11.28 on Thursday. The stock has a 50 day simple moving average of $11.56 and a 200 day simple moving average of $11.84. Invesco Preferred ETF has a 1-year low of $11.20 and a 1-year high of $12.54.

Invesco Preferred ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a dividend of $0.0563 per share. 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.

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.