Invesco Financial Preferred ETF (NYSEARCA:PGF) Hits New 1-Year Low – Here’s What Happened

Invesco Financial Preferred ETF (NYSEARCA:PGF) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $13.70 and last traded at $13.80, with a volume of 12447 shares traded. The stock had previously closed at $13.74.

Invesco Financial Preferred ETF Trading Down 0.2%

The firm has a fifty day moving average price of $13.99 and a 200-day moving average price of $14.18.

Institutional Trading of Invesco Financial Preferred ETF

Several large investors have recently modified their holdings of PGF. Flagship Harbor Advisors LLC acquired a new stake in Invesco Financial Preferred ETF in the fourth quarter valued at about $40,000. Bayban acquired a new stake in Invesco Financial Preferred ETF in the fourth quarter valued at about $55,000. Motiv8 Investments LLC acquired a new stake in Invesco Financial Preferred ETF in the fourth quarter valued at about $99,000. Cassaday & Co Wealth Management LLC acquired a new stake in Invesco Financial Preferred ETF in the first quarter valued at about $100,000. Finally, Advisory Services Network LLC acquired a new stake in Invesco Financial Preferred ETF in the third quarter valued at about $121,000.

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.