World Investment Advisors Sells 3,545 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

World Investment Advisors lessened its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 210,557 shares of the company’s stock after selling 3,545 shares during the period. World Investment Advisors’ holdings in Invesco Preferred ETF were worth $2,428,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. LPL Financial LLC lifted its position in shares of Invesco Preferred ETF by 14.8% during the 4th 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. Spectrum Asset Management Inc. raised its stake in Invesco Preferred ETF by 64.7% during the 4th quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock worth $66,546,000 after acquiring an additional 2,266,498 shares during the period. JPMorgan Chase & Co. lifted its holdings in Invesco Preferred ETF by 131.9% during the fourth quarter. JPMorgan Chase & Co. now owns 4,148,592 shares of the company’s stock valued at $47,833,000 after purchasing an additional 2,359,356 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Invesco Preferred ETF in the fourth quarter worth approximately $29,537,000. Finally, Commonwealth Equity Services LLC increased its stake in shares of Invesco Preferred ETF by 11.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,448,097 shares of the company’s stock worth $16,697,000 after purchasing an additional 148,346 shares in the last quarter.

Invesco Preferred ETF Stock Performance

Shares of PGX stock opened at $11.08 on Friday. Invesco Preferred ETF has a one year low of $10.93 and a one year high of $12.54. The company’s fifty day moving average price is $11.54 and its 200-day moving average price is $11.83.

Invesco Preferred ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.0563 per share. The ex-dividend date was Monday, March 24th. This is a boost 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.