Invesco Financial Preferred ETF (NYSEARCA:PGF) Sets New 12-Month Low – Here’s Why

Invesco Financial Preferred ETF (NYSEARCA:PGF)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $13.50 and last traded at $13.50, with a volume of 118361 shares traded. The stock had previously closed at $13.58.

Invesco Financial Preferred ETF Stock Down 0.5%

The company’s 50 day moving average price is $13.70 and its 200 day moving average price is $13.97.

Hedge Funds Weigh In On Invesco Financial Preferred ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS Group AG lifted its holdings in shares of Invesco Financial Preferred ETF by 26.0% in the 3rd quarter. UBS Group AG now owns 1,401,504 shares of the exchange traded fund’s stock valued at $20,490,000 after buying an additional 289,564 shares during the period. Bank of America Corp DE raised its position in Invesco Financial Preferred ETF by 9.5% in the third quarter. Bank of America Corp DE now owns 740,240 shares of the exchange traded fund’s stock worth $10,822,000 after acquiring an additional 64,090 shares in the last quarter. Investors Research Corp raised its position in Invesco Financial Preferred ETF by 7.4% in the second quarter. Investors Research Corp now owns 378,941 shares of the exchange traded fund’s stock worth $5,195,000 after acquiring an additional 26,222 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Invesco Financial Preferred ETF by 1.1% in the fourth quarter. Private Advisor Group LLC now owns 342,877 shares of the exchange traded fund’s stock valued at $4,848,000 after acquiring an additional 3,852 shares during the period. Finally, Evoke Wealth LLC lifted its holdings in Invesco Financial Preferred ETF by 4.9% in the fourth quarter. Evoke Wealth LLC now owns 334,076 shares of the exchange traded fund’s stock valued at $4,724,000 after acquiring an additional 15,752 shares during the period.

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. 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.