JPMorgan Chase & Co. Has $47.83 Million Stake in Invesco Preferred ETF (NYSEARCA:PGX)

JPMorgan Chase & Co. increased its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 131.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,148,592 shares of the company’s stock after purchasing an additional 2,359,356 shares during the period. JPMorgan Chase & Co. owned approximately 1.11% of Invesco Preferred ETF worth $47,833,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PGX. Wealthcare Advisory Partners LLC lifted its holdings in shares of Invesco Preferred ETF by 8.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 33,422 shares of the company’s stock worth $385,000 after buying an additional 2,576 shares in the last quarter. Jane Street Group LLC raised its stake in Invesco Preferred ETF by 85.7% in the 3rd quarter. Jane Street Group LLC now owns 75,421 shares of the company’s stock worth $931,000 after purchasing an additional 34,804 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in Invesco Preferred ETF by 6.2% in the 4th quarter. Park Avenue Securities LLC now owns 38,714 shares of the company’s stock valued at $446,000 after purchasing an additional 2,272 shares during the period. Principal Financial Group Inc. grew its position in shares of Invesco Preferred ETF by 632.8% during the 3rd quarter. Principal Financial Group Inc. now owns 94,686 shares of the company’s stock worth $1,169,000 after purchasing an additional 81,764 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Invesco Preferred ETF by 87.0% during the fourth quarter. HighTower Advisors LLC now owns 193,790 shares of the company’s stock worth $2,234,000 after purchasing an additional 90,147 shares during the period.

Invesco Preferred ETF Trading Down 0.6 %

Shares of PGX stock opened at $11.08 on Friday. Invesco Preferred ETF has a 1 year low of $10.93 and a 1 year high of $12.54. The stock has a 50 day simple moving average of $11.54 and a 200 day simple moving average of $11.82.

Invesco Preferred ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.0563 per share. This is an increase from Invesco Preferred ETF’s previous dividend of $0.05. The ex-dividend date was Monday, March 24th.

Invesco Preferred ETF 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.