KG&L Capital Management LLC grew its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 2.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 70,574 shares of the company’s stock after purchasing an additional 1,437 shares during the period. KG&L Capital Management LLC’s holdings in Invesco Preferred ETF were worth $1,024,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. Trinity Legacy Partners LLC acquired a new stake in Invesco Preferred ETF during the 4th quarter worth $25,435,000. PagnatoKarp Partners LLC boosted its stake in Invesco Preferred ETF by 7,753.2% during the 4th quarter. PagnatoKarp Partners LLC now owns 1,557,444 shares of the company’s stock worth $20,979,000 after purchasing an additional 1,537,612 shares during the period. Advisors Preferred LLC acquired a new stake in Invesco Preferred ETF during the 1st quarter worth $4,462,000. Edge Wealth Management LLC boosted its stake in Invesco Preferred ETF by 32.4% during the 1st quarter. Edge Wealth Management LLC now owns 1,448,677 shares of the company’s stock worth $20,964,000 after purchasing an additional 354,837 shares during the period. Finally, Appleton Group LLC acquired a new stake in Invesco Preferred ETF during the 1st quarter worth $4,863,000.
NYSEARCA:PGX traded down $0.01 during trading hours on Wednesday, reaching $14.55. 8,930 shares of the company’s stock were exchanged, compared to its average volume of 2,087,804. Invesco Preferred ETF has a 1-year low of $13.12 and a 1-year high of $14.79.
The firm also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd were paid a dividend of $0.0669 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date of this dividend was Monday, April 22nd.
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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.
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