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

Invesco Financial Preferred ETF (NYSEARCA:PGF)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $13.01 and last traded at $12.9760, with a volume of 48425 shares. The stock had previously closed at $13.10.

Invesco Financial Preferred ETF Trading Down 1.0%

The company’s 50-day simple moving average is $13.44 and its 200 day simple moving average is $13.74.

Institutional Investors Weigh In On Invesco Financial Preferred ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PGF. Cim LLC raised its position in shares of 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 worth $392,000 after buying an additional 969 shares in the last quarter. HF Advisory Group LLC grew its holdings in shares of Invesco Financial Preferred ETF by 6.7% during the second 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 in the last quarter. City Center Advisors LLC increased its position in shares of Invesco Financial Preferred ETF by 13.9% in the second quarter. City Center Advisors LLC now owns 14,393 shares of the exchange traded fund’s stock worth $197,000 after purchasing an additional 1,761 shares during the last quarter. Compass Financial Management LLC purchased a new stake in Invesco Financial Preferred ETF in the second quarter valued at approximately $27,000. Finally, D.A. Davidson & CO. raised its stake in Invesco Financial Preferred ETF by 4.1% in the first quarter. D.A. Davidson & CO. now owns 78,203 shares of the exchange traded fund’s stock valued at $1,076,000 after purchasing an additional 3,102 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.