First Republic Investment Management Inc. bought a new stake in Invesco Preferred ETF (NYSEARCA:PGX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 69,218 shares of the company’s stock, valued at approximately $1,008,000.

Several other large investors have also recently modified their holdings of PGX. Avalon Advisors LLC acquired a new position in shares of Invesco Preferred ETF in the 1st quarter valued at approximately $11,805,000. LPL Financial LLC raised its position in shares of Invesco Preferred ETF by 12.9% in the 1st quarter. LPL Financial LLC now owns 4,306,701 shares of the company’s stock valued at $62,878,000 after buying an additional 493,265 shares in the last quarter. Appleton Group LLC acquired a new position in shares of Invesco Preferred ETF in the 2nd quarter valued at approximately $5,478,000. Royal Bank of Canada raised its position in shares of Invesco Preferred ETF by 4.3% in the 1st quarter. Royal Bank of Canada now owns 8,893,420 shares of the company’s stock valued at $129,844,000 after buying an additional 370,121 shares in the last quarter. Finally, IndexIQ Advisors LLC acquired a new position in shares of Invesco Preferred ETF in the 2nd quarter valued at approximately $4,677,000.

PGX stock remained flat at $$13.92 during trading on Friday. 3,395,165 shares of the company were exchanged, compared to its average volume of 1,954,015. Invesco Preferred ETF has a twelve month low of $13.89 and a twelve month high of $15.08.

The business also recently disclosed a monthly dividend, which was paid on Friday, September 28th. Investors of record on Tuesday, September 25th were given a dividend of $0.067 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date of this dividend was Monday, September 24th.

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

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