Bank of Montreal Can Decreases Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Bank of Montreal Can trimmed its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,003,531 shares of the company’s stock after selling 4,039 shares during the quarter. Bank of Montreal Can’s holdings in Invesco Preferred ETF were worth $11,571,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PGX. Raymond James Financial Inc. acquired a new stake in shares of Invesco Preferred ETF in the 4th quarter valued at $29,537,000. JPMorgan Chase & Co. increased its holdings 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 buying an additional 2,359,356 shares during the last quarter. Spectrum Asset Management Inc. raised its stake in Invesco Preferred ETF by 64.7% in the fourth quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock valued at $66,546,000 after buying an additional 2,266,498 shares in the last quarter. LPL Financial LLC lifted its holdings 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 worth $169,564,000 after buying an additional 1,897,392 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Invesco Preferred ETF by 9.5% in the 4th quarter. Wells Fargo & Company MN now owns 16,086,648 shares of the company’s stock valued at $185,479,000 after acquiring an additional 1,397,140 shares during the last quarter.

Invesco Preferred ETF Price Performance

Shares of NYSEARCA PGX opened at $10.78 on Friday. The stock’s 50-day simple moving average is $11.44 and its 200-day simple moving average is $11.75. Invesco Preferred ETF has a fifty-two week low of $10.70 and a fifty-two week high of $12.54.

Invesco Preferred ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders 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 an increase 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.