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

JPMorgan Chase & Co. raised 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,148,592 shares of the company’s stock after purchasing an additional 2,359,356 shares during the period. JPMorgan Chase & Co.’s holdings in Invesco Preferred ETF were worth $47,833,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of Invesco Preferred ETF during the 4th quarter worth $29,537,000. Spectrum Asset Management Inc. raised its stake in Invesco Preferred ETF by 64.7% during the fourth quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock worth $66,546,000 after acquiring an additional 2,266,498 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Invesco Preferred ETF by 14.8% in the fourth quarter. LPL Financial LLC now owns 14,706,360 shares of the company’s stock worth $169,564,000 after acquiring an additional 1,897,392 shares during the last quarter. One Capital Management LLC boosted its stake in shares of Invesco Preferred ETF by 818.6% in the 4th quarter. One Capital Management LLC now owns 780,407 shares of the company’s stock valued at $8,998,000 after purchasing an additional 695,449 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Invesco Preferred ETF by 657.9% during the 4th quarter. Principal Financial Group Inc. now owns 717,581 shares of the company’s stock valued at $8,274,000 after purchasing an additional 622,895 shares during the last quarter.

Invesco Preferred ETF Trading Down 0.6 %

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

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.