IMA Wealth Inc. Trims Stake in Invesco Financial Preferred ETF (PGF)

IMA Wealth Inc. trimmed its position in Invesco Financial Preferred ETF (NYSEARCA:PGF) by 8.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,035 shares of the exchange traded fund’s stock after selling 9,158 shares during the quarter. IMA Wealth Inc. owned about 0.12% of Invesco Financial Preferred ETF worth $1,729,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Capital Investment Advisors LLC bought a new stake in Invesco Financial Preferred ETF during the third quarter worth approximately $898,000. North Star Investment Management Corp. increased its stake in Invesco Financial Preferred ETF by 7.4% during the third quarter. North Star Investment Management Corp. now owns 308,573 shares of the exchange traded fund’s stock worth $5,613,000 after acquiring an additional 21,347 shares during the last quarter. Appleton Partners Inc. MA increased its stake in Invesco Financial Preferred ETF by 2.5% during the third quarter. Appleton Partners Inc. MA now owns 242,149 shares of the exchange traded fund’s stock worth $4,405,000 after acquiring an additional 5,815 shares during the last quarter. Atria Investments LLC increased its stake in Invesco Financial Preferred ETF by 9.6% during the third quarter. Atria Investments LLC now owns 42,532 shares of the exchange traded fund’s stock worth $774,000 after acquiring an additional 3,735 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Invesco Financial Preferred ETF by 39.1% during the second quarter. Bank of New York Mellon Corp now owns 15,850 shares of the exchange traded fund’s stock worth $292,000 after acquiring an additional 4,456 shares during the last quarter.

NYSEARCA PGF traded down $0.01 during trading hours on Thursday, hitting $17.80. 159 shares of the company were exchanged, compared to its average volume of 310,550. Invesco Financial Preferred ETF has a 52 week low of $17.70 and a 52 week high of $19.11.

The business also recently disclosed a monthly dividend, which was paid on Friday, September 28th. Shareholders of record on Tuesday, September 25th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, September 24th. This represents a $0.96 annualized dividend and a yield of 5.39%.

Invesco Financial Preferred ETF Profile

PowerShares Financial Preferred Portfolio (the Fund) is a non-diversified fund. The Fund is based on the Wells Fargo Hybrid and Preferred Financial Index (WHPSF Financial Index) (the Index). The Index tracks the performance of the United States-listed securities issued by financial institutions. The Index is rebalanced monthly.

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

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