Invesco Financial Preferred ETF (NYSEARCA:PGF) Sets New 12-Month Low – Here’s What Happened

Invesco Financial Preferred ETF (NYSEARCA:PGF)’s share price hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $12.81 and last traded at $12.86, with a volume of 347256 shares trading hands. The stock had previously closed at $12.92.

Invesco Financial Preferred ETF Stock Performance

The stock has a 50 day moving average price of $13.34 and a 200 day moving average price of $13.68.

Institutional Trading of Invesco Financial Preferred ETF

Hedge funds have recently added to or reduced their stakes in the stock. Investors Research Corp grew its position in shares of Invesco Financial Preferred ETF by 7.4% during the 2nd quarter. Investors Research Corp now owns 378,941 shares of the exchange traded fund’s stock valued at $5,195,000 after acquiring an additional 26,222 shares during the period. North Star Investment Management Corp. increased its stake in shares of Invesco Financial Preferred ETF by 19.0% during the 1st 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 during the last quarter. Sterneck Capital Management LLC raised its holdings in shares of Invesco Financial Preferred ETF by 5.8% in 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 raised its holdings in shares of Invesco Financial Preferred ETF by 26.3% in 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 lifted its stake in Invesco Financial Preferred ETF by 13.2% in the first 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 during 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.