Capital Investment Advisors LLC Buys Shares of 32,287 Invesco Preferred ETF (PGX)

Capital Investment Advisors LLC bought a new position in Invesco Preferred ETF (NYSEARCA:PGX) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 32,287 shares of the company’s stock, valued at approximately $462,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Boothe Investment Group Inc. purchased a new position in Invesco Preferred ETF during the second quarter worth approximately $1,195,000. Ausdal Financial Partners Inc. purchased a new position in Invesco Preferred ETF during the second quarter worth approximately $152,000. Oppenheimer & Co. Inc. boosted its position in Invesco Preferred ETF by 12.9% during the second quarter. Oppenheimer & Co. Inc. now owns 48,574 shares of the company’s stock worth $707,000 after purchasing an additional 5,545 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Invesco Preferred ETF by 2.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 961,192 shares of the company’s stock worth $13,995,000 after purchasing an additional 25,352 shares in the last quarter. Finally, Centaurus Financial Inc. boosted its position in Invesco Preferred ETF by 77.4% during the second quarter. Centaurus Financial Inc. now owns 41,906 shares of the company’s stock worth $610,000 after purchasing an additional 18,287 shares in the last quarter.

Shares of PGX stock opened at $13.97 on Thursday. Invesco Preferred ETF has a 12-month low of $13.89 and a 12-month high of $15.08.

The firm also recently declared a monthly dividend, which was paid on Friday, September 28th. Shareholders of record on Tuesday, September 25th were given a dividend of $0.067 per share. The ex-dividend date of this dividend was Monday, September 24th. This represents a $0.80 dividend on an annualized basis and a yield of 5.76%.

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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Institutional Ownership by Quarter for Invesco Preferred ETF (NYSEARCA:PGX)

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