Piershale Financial Group Inc. acquired a new position in shares of Invesco Preferred ETF (NYSEARCA:PGX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 98,935 shares of the company’s stock, valued at approximately $1,417,000. Invesco Preferred ETF accounts for about 0.7% of Piershale Financial Group Inc.’s portfolio, making the stock its 11th largest holding.

Several other large investors have also added to or reduced their stakes in the company. Valicenti Advisory Services Inc. lifted its holdings in Invesco Preferred ETF by 17.2% during the 2nd quarter. Valicenti Advisory Services Inc. now owns 24,850 shares of the company’s stock valued at $362,000 after purchasing an additional 3,650 shares during the last quarter. Buffington Mohr McNeal lifted its holdings in Invesco Preferred ETF by 0.5% during the 2nd quarter. Buffington Mohr McNeal now owns 715,348 shares of the company’s stock valued at $10,415,000 after purchasing an additional 3,673 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Invesco Preferred ETF by 0.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 872,097 shares of the company’s stock valued at $12,698,000 after purchasing an additional 4,281 shares during the last quarter. Greenwood Capital Associates LLC lifted its holdings in Invesco Preferred ETF by 6.5% during the 2nd quarter. Greenwood Capital Associates LLC now owns 71,115 shares of the company’s stock valued at $1,035,000 after purchasing an additional 4,365 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Invesco Preferred ETF by 19.7% during the 1st quarter. JPMorgan Chase & Co. now owns 27,553 shares of the company’s stock valued at $402,000 after purchasing an additional 4,531 shares during the last quarter.

Shares of PGX stock opened at $14.00 on Tuesday. Invesco Preferred ETF has a 12-month low of $13.89 and a 12-month high of $15.08.

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 31st. Investors of record on Tuesday, October 23rd will be issued a dividend of $0.067 per share. This is an increase from Invesco Preferred ETF’s previous monthly dividend of $0.07. This represents a $0.80 annualized dividend and a yield of 5.75%. The ex-dividend date of this dividend is Monday, October 22nd.

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.

Read More: What is the Dividend Aristocrat Index?

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

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