Joseph P. Lucia & Associates LLC Buys Shares of 407,867 Invesco Financial Preferred ETF (PGF)

Joseph P. Lucia & Associates LLC bought a new position in Invesco Financial Preferred ETF (NYSEARCA:PGF) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 407,867 shares of the exchange traded fund’s stock, valued at approximately $22,131,000. Invesco Financial Preferred ETF comprises 1.6% of Joseph P. Lucia & Associates LLC’s holdings, making the stock its 18th biggest position. Joseph P. Lucia & Associates LLC owned approximately 0.54% of Invesco Financial Preferred ETF as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. DT Investment Partners LLC lifted its stake in Invesco Financial Preferred ETF by 7.1% during the first quarter. DT Investment Partners LLC now owns 313,790 shares of the exchange traded fund’s stock worth $5,730,000 after purchasing an additional 20,906 shares during the last quarter. Osborn Williams & Donohoe LLC bought a new stake in Invesco Financial Preferred ETF during the first quarter worth about $396,000. Enterprise Financial Services Corp bought a new stake in Invesco Financial Preferred ETF during the first quarter worth about $916,000. NewSquare Capital LLC lifted its stake in Invesco Financial Preferred ETF by 6.9% during the first quarter. NewSquare Capital LLC now owns 135,093 shares of the exchange traded fund’s stock worth $2,467,000 after purchasing an additional 8,749 shares during the last quarter. Finally, Field & Main Bank bought a new stake in Invesco Financial Preferred ETF during the first quarter worth about $615,000.

NYSEARCA:PGF traded up $0.02 during mid-day trading on Wednesday, reaching $18.39. 8,982 shares of the company’s stock traded hands, compared to its average volume of 481,588. Invesco Financial Preferred ETF has a 12-month low of $16.99 and a 12-month high of $18.75.

The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Tuesday, May 21st will be issued a dividend of $0.0816 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.98 dividend on an annualized basis and a yield of 5.32%.

Separately, Raymond James reaffirmed a “sell” rating and set a $0.50 price target on shares of Invesco Financial Preferred ETF in a research note on Thursday, May 9th.

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Invesco Financial Preferred ETF Profile

PowerShares Financial Preferred Portfolio (the Fund) is a non-diversified fund. The Fund is based on the Wells Fargo Hybrid and Preferred Financial Index (WHPSF Financial Index) (the Index). The Index tracks the performance of the United States-listed securities issued by financial institutions. The Index is rebalanced monthly.

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Institutional Ownership by Quarter for Invesco Financial Preferred ETF (NYSEARCA:PGF)

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