Invesco Financial Preferred ETF (PGF) Shares Sold by Klingenstein Fields & Co. LLC

Klingenstein Fields & Co. LLC trimmed its position in shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) by 28.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 126,800 shares of the exchange traded fund’s stock after selling 51,300 shares during the quarter. Klingenstein Fields & Co. LLC’s holdings in Invesco Financial Preferred ETF were worth $2,341,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PGF. Wagner Wealth Management LLC grew its position in Invesco Financial Preferred ETF by 3,168.1% during the 1st quarter. Wagner Wealth Management LLC now owns 7,484 shares of the exchange traded fund’s stock worth $139,000 after purchasing an additional 7,255 shares in the last quarter. Transamerica Financial Advisors Inc. grew its position in Invesco Financial Preferred ETF by 59.6% during the 1st quarter. Transamerica Financial Advisors Inc. now owns 10,475 shares of the exchange traded fund’s stock worth $195,000 after purchasing an additional 3,913 shares in the last quarter. CAPROCK Group Inc. purchased a new position in Invesco Financial Preferred ETF during the 2nd quarter worth approximately $210,000. Regent Investment Management LLC purchased a new position in Invesco Financial Preferred ETF during the 2nd quarter worth approximately $211,000. Finally, OLD National Bancorp IN purchased a new position in Invesco Financial Preferred ETF during the 2nd quarter worth approximately $285,000.

NYSEARCA PGF opened at $18.40 on Friday. Invesco Financial Preferred ETF has a twelve month low of $18.01 and a twelve month high of $19.15.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 24th will be given a dividend of $0.0816 per share. This represents a $0.98 annualized dividend and a yield of 5.32%. This is a boost from Invesco Financial Preferred ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend is Monday, July 23rd.

About Invesco Financial Preferred ETF

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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Want to see what other hedge funds are holding PGF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Financial Preferred ETF (NYSEARCA:PGF).

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

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