Prudential PLC Sells 14,200 Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF)

Prudential PLC lessened its holdings in shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) by 78.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,900 shares of the exchange traded fund’s stock after selling 14,200 shares during the quarter. Prudential PLC’s holdings in Invesco Financial Preferred ETF were worth $57,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in shares of Invesco Financial Preferred ETF by 11.7% in the fourth quarter. JPMorgan Chase & Co. now owns 975,027 shares of the exchange traded fund’s stock worth $14,187,000 after purchasing an additional 101,779 shares during the period. Evoke Wealth LLC raised its position in shares of Invesco Financial Preferred ETF by 3.7% in the 4th quarter. Evoke Wealth LLC now owns 304,703 shares of the exchange traded fund’s stock valued at $4,433,000 after buying an additional 10,877 shares in the last quarter. Investors Research Corp lifted its holdings in shares of Invesco Financial Preferred ETF by 15.3% during the 4th quarter. Investors Research Corp now owns 207,910 shares of the exchange traded fund’s stock worth $3,025,000 after acquiring an additional 27,511 shares during the period. Orion Portfolio Solutions LLC acquired a new stake in shares of Invesco Financial Preferred ETF during the 4th quarter worth approximately $2,693,000. Finally, Sterneck Capital Management LLC increased its stake in Invesco Financial Preferred ETF by 27.0% in the fourth quarter. Sterneck Capital Management LLC now owns 117,173 shares of the exchange traded fund’s stock valued at $1,705,000 after acquiring an additional 24,928 shares during the last quarter.

Invesco Financial Preferred ETF Stock Performance

NYSEARCA PGF opened at $13.91 on Wednesday. Invesco Financial Preferred ETF has a fifty-two week low of $13.67 and a fifty-two week high of $15.95. The business has a fifty day moving average price of $14.58 and a two-hundred day moving average price of $14.94.

Invesco Financial Preferred ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.0651 dividend. The ex-dividend date was Monday, March 24th.

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.