Chatham Capital Group Inc. Has $3.36 Million Holding in Invesco Preferred ETF


Chatham Capital Group Inc. raised its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 1,530.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 249,400 shares of the company’s stock after purchasing an additional 234,100 shares during the period. Chatham Capital Group Inc. owned 0.08% of Invesco Preferred ETF worth $3,359,000 at the end of the most recent quarter.


A number of other large investors also recently made changes to their positions in PGX. Bank of New York Mellon Corp bought a new position in Invesco Preferred ETF during the 2nd quarter worth $367,000. Capital Investment Advisors LLC bought a new position in Invesco Preferred ETF during the 3rd quarter worth $462,000. Ronna Sue Cohen bought a new position in Invesco Preferred ETF during the 3rd quarter worth $1,931,000. Iowa State Bank raised its position in Invesco Preferred ETF by 5.4% during the 3rd quarter. Iowa State Bank now owns 344,991 shares of the company’s stock worth $4,940,000 after purchasing an additional 17,640 shares during the last quarter. Finally, Independence Bank of Kentucky bought a new position in Invesco Preferred ETF during the 3rd quarter worth $607,000.

Shares of NYSEARCA:PGX opened at $14.28 on Wednesday. Invesco Preferred ETF has a 12-month low of $13.12 and a 12-month high of $14.79.

The business also recently announced a monthly dividend, which was paid on Thursday, January 31st. Investors of record on Wednesday, January 23rd were given a dividend of $0.067 per share. This represents a $0.80 annualized dividend and a yield of 5.63%. The ex-dividend date was Tuesday, January 22nd.

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.

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