Invesco Financial Preferred ETF (NYSEARCA:PGF) Share Price Passes Below 200 Day Moving Average – Here’s Why

Invesco Financial Preferred ETF (NYSEARCA:PGF)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.41 and traded as low as $14.20. Invesco Financial Preferred ETF shares last traded at $14.24, with a volume of 88,622 shares trading hands.

Invesco Financial Preferred ETF Price Performance

The stock’s 50 day moving average is $14.32 and its two-hundred day moving average is $14.40.

Invesco Financial Preferred ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were paid a $0.0644 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 5.5%.

Institutional Trading of Invesco Financial Preferred ETF

Several hedge funds have recently modified their holdings of the stock. Flagship Harbor Advisors LLC acquired a new stake in shares of Invesco Financial Preferred ETF in the fourth quarter valued at approximately $40,000. Bayban acquired a new position in Invesco Financial Preferred ETF during the 4th quarter worth $55,000. Motiv8 Investments LLC bought a new position in Invesco Financial Preferred ETF in the 4th quarter valued at $99,000. Advisory Services Network LLC bought a new position in Invesco Financial Preferred ETF in the 3rd quarter valued at $121,000. Finally, Arax Advisory Partners acquired a new stake in shares of Invesco Financial Preferred ETF in the 4th quarter valued at $123,000.

Invesco Financial Preferred ETF Company 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. The Fund normally invests at least 90% of its total assets in preferred securities that consists of the Index. The Fund may contain securities in the financial and insurance sectors.