Invesco Financial Preferred ETF (NYSEARCA:PGF) Sees Strong Trading Volume – Time to Buy?

Invesco Financial Preferred ETF (NYSEARCA:PGF) shares saw unusually-strong trading volume on Monday . Approximately 274,962 shares were traded during mid-day trading, an increase of 29% from the previous session’s volume of 212,653 shares.The stock last traded at $13.87 and had previously closed at $13.70.

Invesco Financial Preferred ETF Trading Up 0.8 %

The firm’s 50 day simple moving average is $14.52 and its two-hundred day simple moving average is $14.89.

Invesco Financial Preferred ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.0651 per share. The ex-dividend date was Monday, March 24th.

Hedge Funds Weigh In On Invesco Financial Preferred ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PGF. Promus Capital LLC bought a new position in Invesco Financial Preferred ETF in the 4th quarter valued at about $31,000. McClarren Financial Advisors Inc. lifted its stake in shares of Invesco Financial Preferred ETF by 14,226.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 2,149 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 2,134 shares during the period. Allworth Financial LP boosted its holdings in shares of Invesco Financial Preferred ETF by 967.6% in the fourth quarter. Allworth Financial LP now owns 2,936 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 2,661 shares in the last quarter. Vision Financial Markets LLC acquired a new position in shares of Invesco Financial Preferred ETF during the fourth quarter valued at approximately $58,000. Finally, Principal Securities Inc. raised its holdings in Invesco Financial Preferred ETF by 36.6% during the fourth quarter. Principal Securities Inc. now owns 5,598 shares of the exchange traded fund’s stock worth $81,000 after purchasing an additional 1,500 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.