Invesco Financial Preferred ETF (NYSEARCA:PGF) Shares Pass Below 200 Day Moving Average – Should You Sell?

Invesco Financial Preferred ETF (NYSEARCA:PGF) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.06 and traded as low as $13.68. Invesco Financial Preferred ETF shares last traded at $13.71, with a volume of 93,223 shares traded.

Invesco Financial Preferred ETF Price Performance

The firm’s 50-day moving average is $13.83 and its 200-day moving average is $14.06.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. UBS Group AG grew its holdings in Invesco Financial Preferred ETF by 26.0% during the third quarter. UBS Group AG now owns 1,401,504 shares of the exchange traded fund’s stock worth $20,490,000 after buying an additional 289,564 shares in the last quarter. Bank of America Corp DE lifted its stake in Invesco Financial Preferred ETF by 9.5% during the 3rd quarter. Bank of America Corp DE now owns 740,240 shares of the exchange traded fund’s stock valued at $10,822,000 after acquiring an additional 64,090 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Invesco Financial Preferred ETF by 1.1% during the 4th quarter. Private Advisor Group LLC now owns 342,877 shares of the exchange traded fund’s stock worth $4,848,000 after acquiring an additional 3,852 shares during the last quarter. Evoke Wealth LLC boosted its holdings in Invesco Financial Preferred ETF by 4.9% during the 4th quarter. Evoke Wealth LLC now owns 334,076 shares of the exchange traded fund’s stock worth $4,724,000 after acquiring an additional 15,752 shares during the last quarter. Finally, Investors Research Corp grew its stake in shares of Invesco Financial Preferred ETF by 8.7% in the 4th quarter. Investors Research Corp now owns 322,794 shares of the exchange traded fund’s stock worth $4,564,000 after acquiring an additional 25,710 shares in 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.