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Ibex Wealth Advisors sold shares of two preferred stock ETFs, PFF and PGX, despite recent dividend boosts.
Ibex Wealth Advisors reduced its holdings in two ETFs: it sold 15,520 shares of the iShares Preferred and Income Securities ETF (PFF) and 5,636 shares of the Invesco Preferred ETF (PGX) in the first quarter.
PFF, valued at $3.19 million, saw a dividend increase to $2.09 annually, offering a 6.90% yield.
PGX's value was $1.44 million.
Both ETFs showed fluctuations in price within the past year, with PFF ranging from $28.70 to $33.59 and PGX from $10.70 to $12.54.
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Ibex Wealth Advisors vendió acciones de dos ETF de acciones preferentes, PFF y PGX, a pesar de los recientes aumentos en los dividendos.