Invesco Financial Preferred ETF (NYSEARCA:PGF) Sets New 52-Week Low – What’s Next?

Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $13.64 and last traded at $13.64, with a volume of 224 shares traded. The stock had previously closed at $13.68.

Invesco Financial Preferred ETF Stock Performance

The company has a 50 day simple moving average of $13.92 and a two-hundred day simple moving average of $14.10.

Institutional Investors Weigh In On Invesco Financial Preferred ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Cim LLC boosted its position in Invesco Financial Preferred ETF by 3.5% in the first quarter. Cim LLC now owns 28,491 shares of the exchange traded fund’s stock valued at $392,000 after buying an additional 969 shares during the last quarter. Private Trust Co. NA raised its position in Invesco Financial Preferred ETF by 11.4% during the 4th quarter. Private Trust Co. NA now owns 12,620 shares of the exchange traded fund’s stock worth $178,000 after buying an additional 1,290 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Invesco Financial Preferred ETF by 10.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 14,479 shares of the exchange traded fund’s stock worth $205,000 after buying an additional 1,334 shares during the last quarter. Magnus Financial Group LLC lifted its stake in Invesco Financial Preferred ETF by 1.6% during the 4th quarter. Magnus Financial Group LLC now owns 85,144 shares of the exchange traded fund’s stock valued at $1,204,000 after acquiring an additional 1,341 shares during the period. Finally, Truist Financial Corp lifted its stake in Invesco Financial Preferred ETF by 6.5% during the 4th quarter. Truist Financial Corp now owns 25,177 shares of the exchange traded fund’s stock valued at $356,000 after acquiring an additional 1,540 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.