World Investment Advisors Decreases Position in Invesco Preferred ETF (NYSEARCA:PGX)

World Investment Advisors decreased its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 210,557 shares of the company’s stock after selling 3,545 shares during the quarter. World Investment Advisors owned 0.06% of Invesco Preferred ETF worth $2,428,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC boosted its stake in 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 purchasing an additional 1,897,392 shares during the last quarter. Spectrum Asset Management Inc. lifted 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 valued at $66,546,000 after acquiring an additional 2,266,498 shares during the period. JPMorgan Chase & Co. lifted its stake in Invesco Preferred ETF by 131.9% during the 4th 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. Raymond James Financial Inc. purchased a new stake in shares of Invesco Preferred ETF during the 4th quarter valued at about $29,537,000. Finally, Commonwealth Equity Services LLC grew 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 acquiring an additional 148,346 shares during the period.

Invesco Preferred ETF Stock Performance

Shares of PGX stock opened at $11.08 on Friday. Invesco Preferred ETF has a 12-month low of $10.93 and a 12-month high of $12.54. The firm’s 50 day moving average is $11.54 and its 200 day moving average is $11.83.

Invesco Preferred ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.0563 per share. The ex-dividend date of this dividend 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.