Invesco Financial Preferred ETF (NYSEARCA:PGF – Get Free Report)’s stock price reached a new 52-week low on Monday . The stock traded as low as $13.47 and last traded at $13.48, with a volume of 88074 shares trading hands. The stock had previously closed at $13.51.
Invesco Financial Preferred ETF Price Performance
The business’s fifty day simple moving average is $13.67 and its 200 day simple moving average is $13.94.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Compass Financial Management LLC acquired a new position in Invesco Financial Preferred ETF in the second quarter worth about $27,000. Investors Research Corp boosted its holdings in shares of Invesco Financial Preferred ETF by 7.4% during the second quarter. Investors Research Corp now owns 378,941 shares of the exchange traded fund’s stock valued at $5,195,000 after acquiring an additional 26,222 shares during the period. HF Advisory Group LLC grew its position in Invesco Financial Preferred ETF by 6.7% in the 2nd quarter. HF Advisory Group LLC now owns 25,438 shares of the exchange traded fund’s stock worth $349,000 after purchasing an additional 1,589 shares during the last quarter. City Center Advisors LLC increased its position in Invesco Financial Preferred ETF by 13.9% in the 2nd quarter. City Center Advisors LLC now owns 14,393 shares of the exchange traded fund’s stock valued at $197,000 after acquiring an additional 1,761 shares during the period. Finally, Cim LLC raised its stake in shares of Invesco Financial Preferred ETF by 3.5% during the first quarter. Cim LLC now owns 28,491 shares of the exchange traded fund’s stock valued at $392,000 after purchasing an additional 969 shares in the last quarter.
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.
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