WealthPLAN Partners LLC Lowers Position in Invesco Preferred ETF (NYSEARCA:PGX)

WealthPLAN Partners LLC trimmed its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 19.0% during the first quarter, Holdings Channel reports. The fund owned 61,279 shares of the company’s stock after selling 14,409 shares during the period. WealthPLAN Partners LLC’s holdings in Invesco Preferred ETF were worth $896,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of Montreal Can grew its stake in Invesco Preferred ETF by 1.1% in the 1st quarter. Bank of Montreal Can now owns 3,585,166 shares of the company’s stock valued at $51,985,000 after acquiring an additional 39,545 shares during the last quarter. Trinity Legacy Partners LLC grew its stake in Invesco Preferred ETF by 14.9% in the 1st quarter. Trinity Legacy Partners LLC now owns 2,169,613 shares of the company’s stock valued at $31,459,000 after acquiring an additional 281,342 shares during the last quarter. PagnatoKarp Partners LLC grew its stake in Invesco Preferred ETF by 7,753.2% in the 4th quarter. PagnatoKarp Partners LLC now owns 1,557,444 shares of the company’s stock valued at $20,979,000 after acquiring an additional 1,537,612 shares during the last quarter. Edge Wealth Management LLC lifted its holdings in Invesco Preferred ETF by 32.4% in the 1st quarter. Edge Wealth Management LLC now owns 1,448,677 shares of the company’s stock valued at $20,964,000 after purchasing an additional 354,837 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in Invesco Preferred ETF by 13.3% in the 4th quarter. Prudential Financial Inc. now owns 1,305,788 shares of the company’s stock valued at $17,589,000 after purchasing an additional 153,400 shares in the last quarter.

NYSEARCA:PGX traded up $0.02 on Monday, reaching $14.69. The stock had a trading volume of 3,266 shares, compared to its average volume of 2,077,760. Invesco Preferred ETF has a 12-month low of $13.12 and a 12-month high of $14.79.

The company also recently announced a monthly dividend, which was paid on Friday, May 31st. Shareholders of record on Tuesday, May 21st were issued a $0.065 dividend. The ex-dividend date was Monday, May 20th. This represents a $0.78 dividend on an annualized basis and a yield of 5.31%.

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About Invesco Preferred ETF

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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Want to see what other hedge funds are holding PGX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Preferred ETF (NYSEARCA:PGX).

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

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