317,859 Shares in Invesco Preferred ETF $PGX Acquired by Live Oak Investment Partners

Live Oak Investment Partners bought a new stake in Invesco Preferred ETF (NYSEARCA:PGX) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 317,859 shares of the company’s stock, valued at approximately $3,481,000. Invesco Preferred ETF accounts for about 1.7% of Live Oak Investment Partners’ portfolio, making the stock its 16th biggest holding. Live Oak Investment Partners owned 0.09% of Invesco Preferred ETF at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Csenge Advisory Group increased its holdings in shares of Invesco Preferred ETF by 23.0% during the third quarter. Csenge Advisory Group now owns 35,455 shares of the company’s stock valued at $411,000 after purchasing an additional 6,632 shares during the period. Argus Investors Counsel Inc. lifted its holdings in Invesco Preferred ETF by 4.5% in the third quarter. Argus Investors Counsel Inc. now owns 45,099 shares of the company’s stock worth $523,000 after purchasing an additional 1,930 shares during the period. Stephens Inc. AR grew its position in Invesco Preferred ETF by 5.7% in the 3rd quarter. Stephens Inc. AR now owns 206,223 shares of the company’s stock valued at $2,392,000 after buying an additional 11,133 shares in the last quarter. Wealth Advisory Solutions LLC increased its stake in Invesco Preferred ETF by 12.6% during the 3rd quarter. Wealth Advisory Solutions LLC now owns 80,622 shares of the company’s stock valued at $935,000 after buying an additional 9,014 shares during the period. Finally, Ramiah Investment Group bought a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth about $492,000. Institutional investors and hedge funds own 8.60% of the company’s stock.

Invesco Preferred ETF Price Performance

Shares of NYSEARCA:PGX opened at $11.43 on Tuesday. The company has a 50 day moving average of $11.30 and a 200-day moving average of $11.42. Invesco Preferred ETF has a twelve month low of $10.70 and a twelve month high of $11.92.

Invesco Preferred ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th will be given a $0.0638 dividend. This represents a c) dividend on an annualized basis and a yield of 6.7%. This is a positive change from Invesco Preferred ETF’s previous monthly dividend of $0.05. The ex-dividend date is Tuesday, January 20th.

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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.