KCM Investment Advisors LLC Decreases Stake in Invesco Preferred ETF (NYSEARCA:PGX)

KCM Investment Advisors LLC decreased its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 343,614 shares of the company’s stock after selling 15,467 shares during the quarter. KCM Investment Advisors LLC owned about 0.09% of Invesco Preferred ETF worth $3,962,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Invesco Preferred ETF during the 3rd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings 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 purchasing an additional 2,093 shares during the last quarter. Kentucky Trust Co purchased a new stake in shares of Invesco Preferred ETF in the fourth quarter valued at approximately $36,000. Roxbury Financial LLC acquired a new stake in shares of Invesco Preferred ETF in the fourth quarter valued at approximately $42,000. Finally, Millstone Evans Group LLC purchased a new position in Invesco Preferred ETF during the fourth quarter worth approximately $50,000.

Invesco Preferred ETF Stock Performance

Shares of NYSEARCA:PGX opened at $11.08 on Friday. Invesco Preferred ETF has a 52-week low of $10.93 and a 52-week high of $12.54. The business has a fifty day moving average of $11.54 and a two-hundred day moving average of $11.83.

Invesco Preferred ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued 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.

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.