Murphy & Mullick Capital Management Corp Buys Shares of 45,845 Invesco Preferred ETF (NYSEARCA:PGX)

Murphy & Mullick Capital Management Corp bought a new stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 45,845 shares of the company’s stock, valued at approximately $529,000.

Other hedge funds have also made changes to their positions in the company. Townsquare Capital LLC acquired a new stake in Invesco Preferred ETF during the third quarter valued at approximately $275,000. Rockefeller Capital Management L.P. raised its position in shares of Invesco Preferred ETF by 4.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 502,173 shares of the company’s stock valued at $6,202,000 after acquiring an additional 19,592 shares in the last quarter. Captrust Financial Advisors lifted its stake in Invesco Preferred ETF by 1.1% during the third quarter. Captrust Financial Advisors now owns 87,953 shares of the company’s stock worth $1,086,000 after purchasing an additional 991 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in Invesco Preferred ETF in the third quarter worth $127,000. Finally, HighTower Advisors LLC increased its stake in Invesco Preferred ETF by 268.5% during the third quarter. HighTower Advisors LLC now owns 103,643 shares of the company’s stock valued at $1,278,000 after purchasing an additional 75,520 shares during the last quarter.

Invesco Preferred ETF Stock Performance

Invesco Preferred ETF stock opened at $11.48 on Wednesday. Invesco Preferred ETF has a 1 year low of $11.23 and a 1 year high of $12.54. The firm’s 50-day moving average is $11.60 and its 200-day moving average is $11.88.

Invesco Preferred ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be paid a $0.0563 dividend. This is an increase from Invesco Preferred ETF’s previous dividend of $0.05. The ex-dividend date of this dividend is 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.