IFG Advisory LLC Trims Holdings in Invesco Preferred ETF (PGX)

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IFG Advisory LLC decreased its position in Invesco Preferred ETF (NYSEARCA:PGX) by 16.1% during the first quarter, Holdings Channel reports. The fund owned 18,014 shares of the company’s stock after selling 3,452 shares during the quarter. IFG Advisory LLC’s holdings in Invesco Preferred ETF were worth $261,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. bought a new position in shares of Invesco Preferred ETF during the 1st quarter valued at approximately $26,000. Executive Wealth Management LLC bought a new position in shares of Invesco Preferred ETF during the 4th quarter valued at approximately $25,000. Truvestments Capital LLC bought a new position in shares of Invesco Preferred ETF during the 1st quarter valued at approximately $30,000. Doyle Wealth Management bought a new position in shares of Invesco Preferred ETF during the 4th quarter valued at approximately $31,000. Finally, Whittier Trust Co. increased its position in shares of Invesco Preferred ETF by 3,191.9% during the 1st quarter. Whittier Trust Co. now owns 2,436 shares of the company’s stock valued at $35,000 after purchasing an additional 2,362 shares during the last quarter.

Shares of Invesco Preferred ETF stock opened at $14.57 on Friday. Invesco Preferred ETF has a 52 week low of $13.12 and a 52 week high of $14.79.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Tuesday, May 21st will be given a $0.065 dividend. This represents a $0.78 annualized dividend and a yield of 5.35%. The ex-dividend date is Monday, May 20th.

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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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