Invesco Financial Preferred ETF (NYSEARCA:PGF – Get Free Report)’s share price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $13.64 and traded as low as $12.69. Invesco Financial Preferred ETF shares last traded at $12.69, with a volume of 173,152 shares changing hands.
Invesco Financial Preferred ETF Stock Performance
The firm has a 50-day moving average price of $13.24 and a two-hundred day moving average price of $13.63.
Institutional Investors Weigh In On Invesco Financial Preferred ETF
Several large investors have recently added to or reduced their stakes in PGF. Investors Research Corp raised its stake in shares of Invesco Financial Preferred ETF by 8.7% during the third quarter. Investors Research Corp now owns 411,899 shares of the exchange traded fund’s stock valued at $5,248,000 after acquiring an additional 32,958 shares in the last quarter. North Star Investment Management Corp. grew its stake in Invesco Financial Preferred ETF by 19.0% in the first quarter. North Star Investment Management Corp. now owns 318,191 shares of the exchange traded fund’s stock worth $4,378,000 after purchasing an additional 50,749 shares in the last quarter. Sterneck Capital Management LLC increased its holdings in Invesco Financial Preferred ETF by 5.8% during the 1st quarter. Sterneck Capital Management LLC now owns 143,954 shares of the exchange traded fund’s stock worth $1,981,000 after purchasing an additional 7,920 shares during the period. Sanctuary Advisors LLC increased its holdings in Invesco Financial Preferred ETF by 26.3% during the 1st quarter. Sanctuary Advisors LLC now owns 137,029 shares of the exchange traded fund’s stock worth $1,886,000 after purchasing an additional 28,518 shares during the period. Finally, Royal Bank of Canada raised its position in Invesco Financial Preferred ETF by 13.2% during the 1st quarter. Royal Bank of Canada now owns 130,368 shares of the exchange traded fund’s stock valued at $1,794,000 after purchasing an additional 15,208 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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