Invesco Preferred ETF (PGX) is Camarda Financial Advisors LLC’s 2nd Largest Position

Camarda Financial Advisors LLC cut its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 3.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 683,278 shares of the company’s stock after selling 22,819 shares during the period. Invesco Preferred ETF accounts for 11.1% of Camarda Financial Advisors LLC’s holdings, making the stock its 2nd biggest holding. Camarda Financial Advisors LLC’s holdings in Invesco Preferred ETF were worth $9,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. increased its position in Invesco Preferred ETF by 2.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 961,192 shares of the company’s stock worth $13,995,000 after buying an additional 25,352 shares during the period. Commonwealth Equity Services LLC increased its position in Invesco Preferred ETF by 0.5% in the second quarter. Commonwealth Equity Services LLC now owns 872,097 shares of the company’s stock worth $12,698,000 after buying an additional 4,281 shares during the period. Buffington Mohr McNeal increased its position in Invesco Preferred ETF by 0.5% in the second quarter. Buffington Mohr McNeal now owns 715,348 shares of the company’s stock worth $10,415,000 after buying an additional 3,673 shares during the period. Advisors Preferred LLC increased its position in Invesco Preferred ETF by 40.9% in the second quarter. Advisors Preferred LLC now owns 559,491 shares of the company’s stock worth $8,146,000 after buying an additional 162,506 shares during the period. Finally, BB&T Securities LLC increased its position in Invesco Preferred ETF by 13.7% in the second quarter. BB&T Securities LLC now owns 552,929 shares of the company’s stock worth $8,050,000 after buying an additional 66,665 shares during the period.

Shares of NYSEARCA PGX opened at $14.04 on Friday. Invesco Preferred ETF has a 1-year low of $13.89 and a 1-year high of $15.08.

The firm also recently declared a monthly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Tuesday, October 23rd were issued a dividend of $0.067 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.73%. This is a positive change from Invesco Preferred ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, October 22nd.

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.

Featured Article: How are institutional investors different from individual investors?

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)

Receive News & Ratings for Invesco Preferred ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Preferred ETF and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply