Corient Private Wealth LLC Buys 31,037 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Corient Private Wealth LLC grew its position in Invesco Preferred ETF (NYSEARCA:PGX) by 37.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 114,971 shares of the company’s stock after purchasing an additional 31,037 shares during the period. Corient Private Wealth LLC’s holdings in Invesco Preferred ETF were worth $1,386,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PGX. HMV Wealth Advisors LLC acquired a new position in shares of Invesco Preferred ETF during the 4th quarter worth approximately $116,000. Commonwealth Equity Services LLC lifted its position in shares of Invesco Preferred ETF by 11.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,448,097 shares of the company’s stock valued at $16,697,000 after acquiring an additional 148,346 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Invesco Preferred ETF by 2.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 86,594 shares of the company’s stock valued at $998,000 after acquiring an additional 2,399 shares during the period. HighTower Advisors LLC grew its holdings in shares of Invesco Preferred ETF by 87.0% during the 4th quarter. HighTower Advisors LLC now owns 193,790 shares of the company’s stock worth $2,234,000 after purchasing an additional 90,147 shares in the last quarter. Finally, Cascade Financial Partners LLC increased its position in shares of Invesco Preferred ETF by 61.8% in the fourth quarter. Cascade Financial Partners LLC now owns 89,063 shares of the company’s stock worth $1,027,000 after purchasing an additional 34,014 shares during the period.

Invesco Preferred ETF Price Performance

PGX stock opened at $11.48 on Wednesday. The company’s 50-day moving average price is $11.60 and its two-hundred day moving average price is $11.88. Invesco Preferred ETF has a 12 month low of $11.23 and a 12 month high of $12.54.

Invesco Preferred ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be given a dividend of $0.0563 per share. This is an increase from Invesco Preferred ETF’s previous dividend of $0.05. The ex-dividend date is Monday, March 24th.

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.