UBS Group AG lessened its stake in Invesco Financial Preferred ETF (NYSEARCA:PGF – Free Report) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,321,542 shares of the exchange traded fund’s stock after selling 79,962 shares during the period. UBS Group AG owned approximately 2.53% of Invesco Financial Preferred ETF worth $18,687,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in PGF. Flagship Harbor Advisors LLC bought a new position in shares of Invesco Financial Preferred ETF during the 4th quarter valued at $40,000. Advisory Services Network LLC bought a new stake in shares of Invesco Financial Preferred ETF in the third quarter worth $121,000. Huntleigh Advisors Inc. purchased a new stake in Invesco Financial Preferred ETF during the third quarter valued at $147,000. Empirical Asset Management LLC purchased a new stake in Invesco Financial Preferred ETF during the third quarter valued at $175,000. Finally, City Center Advisors LLC lifted its holdings in Invesco Financial Preferred ETF by 14.5% in the fourth quarter. City Center Advisors LLC now owns 12,255 shares of the exchange traded fund’s stock valued at $173,000 after acquiring an additional 1,556 shares during the period.
Invesco Financial Preferred ETF Price Performance
Shares of NYSEARCA:PGF opened at $14.08 on Tuesday. The stock’s 50-day simple moving average is $14.05 and its two-hundred day simple moving average is $14.21. Invesco Financial Preferred ETF has a 52-week low of $13.70 and a 52-week high of $15.00.
Invesco Financial Preferred ETF 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.
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