Wealth Enhancement Advisory Services LLC Raises Stock Position in Invesco Financial Preferred ETF $PGF

Wealth Enhancement Advisory Services LLC raised its position in shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) by 73.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,659 shares of the exchange traded fund’s stock after purchasing an additional 38,880 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.17% of Invesco Financial Preferred ETF worth $1,349,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in PGF. Royal Bank of Canada boosted its stake in shares of Invesco Financial Preferred ETF by 1.8% during the first quarter. Royal Bank of Canada now owns 140,584 shares of the exchange traded fund’s stock valued at $2,009,000 after purchasing an additional 2,460 shares in the last quarter. Jane Street Group LLC increased its position in Invesco Financial Preferred ETF by 33.0% during the 1st quarter. Jane Street Group LLC now owns 106,613 shares of the exchange traded fund’s stock valued at $1,522,000 after buying an additional 26,457 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Invesco Financial Preferred ETF during the second quarter valued at about $84,000. Cushing Capital Partners LLC increased its stake in Invesco Financial Preferred ETF by 8.1% during the 2nd quarter. Cushing Capital Partners LLC now owns 43,862 shares of the exchange traded fund’s stock valued at $619,000 after purchasing an additional 3,276 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Invesco Financial Preferred ETF by 9.4% in the 2nd quarter. International Assets Investment Management LLC now owns 77,042 shares of the exchange traded fund’s stock valued at $1,087,000 after acquiring an additional 6,604 shares during the period.

Invesco Financial Preferred ETF Price Performance

Shares of PGF stock opened at $14.31 on Monday. Invesco Financial Preferred ETF has a fifty-two week low of $13.61 and a fifty-two week high of $15.00. The stock’s 50-day simple moving average is $14.23 and its 200-day simple moving average is $14.40.

Invesco Financial Preferred ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were issued a $0.0818 dividend. This is an increase from Invesco Financial Preferred ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 6.9%.

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. The Fund normally invests at least 90% of its total assets in preferred securities that consists of the Index. The Fund may contain securities in the financial and insurance sectors.