Perennial Investment Advisors LLC Buys 2,710 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Perennial Investment Advisors LLC increased its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 8.1% during the 4th quarter, Holdings Channel reports. The fund owned 36,354 shares of the company’s stock after acquiring an additional 2,710 shares during the period. Perennial Investment Advisors LLC’s holdings in Invesco Preferred ETF were worth $419,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PGX. Wells Fargo & Company MN boosted its position in shares of Invesco Preferred ETF by 9.5% during the 4th quarter. Wells Fargo & Company MN now owns 16,086,648 shares of the company’s stock worth $185,479,000 after purchasing an additional 1,397,140 shares in the last quarter. Summit Financial LLC boosted its holdings in Invesco Preferred ETF by 4.9% in the fourth quarter. Summit Financial LLC now owns 55,035 shares of the company’s stock worth $635,000 after acquiring an additional 2,555 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Invesco Preferred ETF by 131.9% in the fourth quarter. JPMorgan Chase & Co. now owns 4,148,592 shares of the company’s stock valued at $47,833,000 after acquiring an additional 2,359,356 shares during the period. Ausdal Financial Partners Inc. increased its holdings in shares of Invesco Preferred ETF by 28.1% during the fourth quarter. Ausdal Financial Partners Inc. now owns 35,486 shares of the company’s stock valued at $409,000 after acquiring an additional 7,795 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Invesco Preferred ETF during the fourth quarter valued at approximately $529,000.

Invesco Preferred ETF Trading Down 0.6 %

Shares of PGX opened at $11.08 on Friday. The business’s fifty day moving average is $11.54 and its 200 day moving average is $11.82. Invesco Preferred ETF has a 12-month low of $10.93 and a 12-month high of $12.54.

Invesco Preferred ETF Increases Dividend

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

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.