Peak Capital Management LLC Has $6.45 Million Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Peak Capital Management LLC lessened its position in Invesco Preferred ETF (NYSEARCA:PGX) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 429,146 shares of the company’s stock after selling 4,119 shares during the quarter. Invesco Preferred ETF accounts for 4.3% of Peak Capital Management LLC’s portfolio, making the stock its 9th largest position. Peak Capital Management LLC owned about 0.12% of Invesco Preferred ETF worth $6,446,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PGX. Cohen & Steers Inc. lifted its holdings in shares of Invesco Preferred ETF by 169.2% in the 2nd quarter. Cohen & Steers Inc. now owns 3,062,260 shares of the company’s stock worth $44,801,000 after acquiring an additional 1,924,659 shares during the last quarter. LPL Financial LLC lifted its holdings in Invesco Preferred ETF by 26.7% during the 2nd quarter. LPL Financial LLC now owns 3,605,090 shares of the company’s stock valued at $52,742,000 after buying an additional 759,063 shares in the last quarter. UBS Group AG lifted its holdings in Invesco Preferred ETF by 21.4% during the 2nd quarter. UBS Group AG now owns 4,234,965 shares of the company’s stock valued at $61,957,000 after buying an additional 747,608 shares in the last quarter. Royal Bank of Canada lifted its holdings in Invesco Preferred ETF by 8.3% during the 2nd quarter. Royal Bank of Canada now owns 9,645,720 shares of the company’s stock valued at $141,117,000 after buying an additional 739,231 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Invesco Preferred ETF by 54.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 1,623,712 shares of the company’s stock valued at $23,755,000 after buying an additional 575,502 shares in the last quarter.

PGX traded up $0.01 on Monday, reaching $14.98. 1,812,701 shares of the company traded hands, compared to its average volume of 2,042,116. Invesco Preferred ETF has a one year low of $13.12 and a one year high of $15.05. The firm has a fifty day simple moving average of $14.95 and a two-hundred day simple moving average of $14.72.

The business also recently disclosed a — dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 24th were issued a dividend of $0.0669 per share. The ex-dividend date was Monday, September 23rd. This represents a yield of 5.5%.

Invesco Preferred ETF Company 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.

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Institutional Ownership by Quarter for Invesco Preferred ETF (NYSEARCA:PGX)

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