Invesco Financial Preferred ETF (NYSEARCA:PGF) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Invesco Financial Preferred ETF (NYSEARCA:PGF) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.25 and traded as low as $14.03. Invesco Financial Preferred ETF shares last traded at $14.08, with a volume of 75,451 shares changing hands.

Invesco Financial Preferred ETF Trading Up 0.1%

The firm has a fifty day moving average price of $14.11 and a 200 day moving average price of $14.25.

Hedge Funds Weigh In On Invesco Financial Preferred ETF

Several hedge funds and other institutional investors have recently modified their holdings of PGF. Royal Bank of Canada raised its position in shares of Invesco Financial Preferred ETF by 1.8% in the 1st quarter. Royal Bank of Canada now owns 140,584 shares of the exchange traded fund’s stock valued at $2,009,000 after purchasing an additional 2,460 shares during the last quarter. Jane Street Group LLC raised its position in shares of Invesco Financial Preferred ETF by 33.0% in the 1st quarter. Jane Street Group LLC now owns 106,613 shares of the exchange traded fund’s stock valued at $1,522,000 after purchasing an additional 26,457 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Invesco Financial Preferred ETF by 26.0% in the 2nd quarter. NewEdge Advisors LLC now owns 26,979 shares of the exchange traded fund’s stock valued at $381,000 after purchasing an additional 5,574 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Invesco Financial Preferred ETF by 27.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 67,225 shares of the exchange traded fund’s stock valued at $949,000 after purchasing an additional 14,517 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Invesco Financial Preferred ETF by 10.7% in the 2nd quarter. Bank of America Corp DE now owns 676,150 shares of the exchange traded fund’s stock valued at $9,540,000 after purchasing an additional 65,309 shares during the last quarter.

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.