KG&L Capital Management LLC Has $1.24 Million Position in Invesco Preferred ETF (NYSEARCA:PGX)

KG&L Capital Management LLC lifted its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 17.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,442 shares of the company’s stock after purchasing an additional 12,483 shares during the quarter. Invesco Preferred ETF accounts for about 1.1% of KG&L Capital Management LLC’s portfolio, making the stock its 22nd biggest position. KG&L Capital Management LLC’s holdings in Invesco Preferred ETF were worth $1,238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PGX. Cohen & Steers Inc. raised its position in shares of Invesco Preferred ETF by 169.2% during the second quarter. Cohen & Steers Inc. now owns 3,062,260 shares of the company’s stock worth $44,801,000 after purchasing an additional 1,924,659 shares during the period. LPL Financial LLC raised its position in shares of Invesco Preferred ETF by 26.7% during the second quarter. LPL Financial LLC now owns 3,605,090 shares of the company’s stock worth $52,742,000 after purchasing an additional 759,063 shares during the period. UBS Group AG raised its position in shares of Invesco Preferred ETF by 21.4% during the second quarter. UBS Group AG now owns 4,234,965 shares of the company’s stock worth $61,957,000 after purchasing an additional 747,608 shares during the period. Royal Bank of Canada raised its position in shares of Invesco Preferred ETF by 8.3% during the second quarter. Royal Bank of Canada now owns 9,645,720 shares of the company’s stock worth $141,117,000 after purchasing an additional 739,231 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its position in Invesco Preferred ETF by 54.9% in 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 during the last quarter.

Invesco Preferred ETF stock traded up $0.02 during midday trading on Friday, reaching $15.01. The stock had a trading volume of 179,774 shares, compared to its average volume of 2,040,044. The firm’s fifty day simple moving average is $14.96 and its 200-day simple moving average is $14.74. Invesco Preferred ETF has a 1-year low of $13.12 and a 1-year high of $15.05.

The company also recently announced a — dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 24th were given a $0.0669 dividend. This represents a yield of 5.5%. The ex-dividend date of this dividend was Monday, September 23rd.

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.

Read More: 52-Week High/Low Prices For Stock Selection

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.