Invesco Financial Preferred ETF (NYSEARCA:PGF) Sets New 12-Month Low – Should You Sell?

Invesco Financial Preferred ETF (NYSEARCA:PGF)’s share price reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $12.49 and last traded at $12.5010, with a volume of 111,769 shares. The stock had previously closed at $12.55.

Invesco Financial Preferred ETF Price Performance

The company’s 50-day simple moving average is $13.00 and its 200 day simple moving average is $13.72.

Institutional Trading of Invesco Financial Preferred ETF

Institutional investors have recently modified their holdings of the stock. Investors Research Corp lifted its stake in Invesco Financial Preferred ETF by 8.7% in the third quarter. Investors Research Corp now owns 411,899 shares of the exchange traded fund’s stock valued at $5,248,000 after buying an additional 32,958 shares during the last quarter. North Star Investment Management Corp. acquired a new position in Invesco Financial Preferred ETF in the 3rd quarter valued at $4,367,000. Signal Advisors Wealth LLC raised its position in Invesco Financial Preferred ETF by 11.1% during the 3rd quarter. Signal Advisors Wealth LLC now owns 335,987 shares of the exchange traded fund’s stock worth $4,280,000 after buying an additional 33,485 shares during the last quarter. Sanctuary Advisors LLC raised its position 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 buying an additional 28,518 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of Invesco Financial Preferred ETF by 13.2% in the 1st quarter. Royal Bank of Canada now owns 130,368 shares of the exchange traded fund’s stock worth $1,794,000 after acquiring an additional 15,208 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.