Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC reduced its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 4.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 343,614 shares of the company’s stock after selling 15,467 shares during the quarter. KCM Investment Advisors LLC’s holdings in Invesco Preferred ETF were worth $3,962,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in PGX. Wilmington Savings Fund Society FSB purchased a new position in Invesco Preferred ETF in the 3rd quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Invesco Preferred ETF by 299.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock worth $32,000 after buying an additional 2,093 shares during the last quarter. Kentucky Trust Co purchased a new stake in shares of Invesco Preferred ETF in the 4th quarter worth about $36,000. Roxbury Financial LLC acquired a new stake in Invesco Preferred ETF in the 4th quarter valued at about $42,000. Finally, Millstone Evans Group LLC purchased a new position in Invesco Preferred ETF during the 4th quarter valued at about $50,000.

Invesco Preferred ETF Stock Down 0.6 %

Shares of NYSEARCA PGX opened at $11.08 on Friday. The firm’s 50-day moving average is $11.54 and its two-hundred day moving average is $11.83. Invesco Preferred ETF has a 12-month low of $10.93 and a 12-month high of $12.54.

Invesco Preferred ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a $0.0563 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Invesco Preferred ETF’s previous dividend of $0.05.

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.