Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by Bank of Montreal Can

Bank of Montreal Can trimmed its position in Invesco Preferred ETF (NYSEARCA:PGX) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,003,531 shares of the company’s stock after selling 4,039 shares during the period. Bank of Montreal Can owned about 0.27% of Invesco Preferred ETF worth $11,571,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in shares of Invesco Preferred ETF by 9.5% in the fourth quarter. Wells Fargo & Company MN now owns 16,086,648 shares of the company’s stock worth $185,479,000 after acquiring an additional 1,397,140 shares during the last quarter. LPL Financial LLC lifted its holdings in Invesco Preferred ETF by 14.8% in the 4th quarter. LPL Financial LLC now owns 14,706,360 shares of the company’s stock valued at $169,564,000 after purchasing an additional 1,897,392 shares in the last quarter. Spectrum Asset Management Inc. boosted its stake in Invesco Preferred ETF by 64.7% during the 4th quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock worth $66,546,000 after purchasing an additional 2,266,498 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Invesco Preferred ETF by 131.9% during the fourth quarter. JPMorgan Chase & Co. now owns 4,148,592 shares of the company’s stock worth $47,833,000 after buying an additional 2,359,356 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Invesco Preferred ETF in the fourth quarter valued at about $29,537,000.

Invesco Preferred ETF Price Performance

NYSEARCA:PGX opened at $10.78 on Friday. Invesco Preferred ETF has a twelve month low of $10.70 and a twelve month high of $12.54. The company’s 50-day moving average price is $11.44 and its 200-day moving average price is $11.75.

Invesco Preferred ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a dividend of $0.0563 per share. This is a boost from Invesco Preferred ETF’s previous dividend of $0.05. The ex-dividend date of this dividend was Monday, March 24th.

Invesco Preferred ETF 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.