US Bancorp DE raised its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 7.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 83,627 shares of the company’s stock after purchasing an additional 5,810 shares during the period. US Bancorp DE’s holdings in Invesco Preferred ETF were worth $1,198,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PGX. Stuart Chaussee & Associates Inc. purchased a new position in Invesco Preferred ETF during the second quarter valued at $101,000. Capital Advisors Ltd. LLC purchased a new position in Invesco Preferred ETF during the third quarter valued at $112,000. Bridgeworth LLC purchased a new position in Invesco Preferred ETF during the second quarter valued at $125,000. Ausdal Financial Partners Inc. purchased a new position in Invesco Preferred ETF during the second quarter valued at $152,000. Finally, AdvisorNet Financial Inc lifted its position in Invesco Preferred ETF by 283.9% during the second quarter. AdvisorNet Financial Inc now owns 12,578 shares of the company’s stock valued at $183,000 after buying an additional 9,302 shares during the period.

Shares of Invesco Preferred ETF stock opened at $13.70 on Wednesday. Invesco Preferred ETF has a 12 month low of $13.69 and a 12 month high of $15.08.

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 30th. Shareholders of record on Tuesday, November 20th will be given a dividend of $0.067 per share. This represents a $0.80 annualized dividend and a yield of 5.87%. The ex-dividend date is Monday, November 19th.

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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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