Invesco Financial Preferred ETF (NYSEARCA:PGF) Sets New 52-Week Low – Here’s What Happened

Invesco Financial Preferred ETF (NYSEARCA:PGF) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $13.50 and last traded at $13.50, with a volume of 118361 shares trading hands. The stock had previously closed at $13.58.

Invesco Financial Preferred ETF Stock Down 0.5%

The company’s 50 day moving average is $13.70 and its 200 day moving average is $13.97.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PGF. Cim LLC increased its stake in shares of Invesco Financial Preferred ETF by 3.5% during the 1st quarter. Cim LLC now owns 28,491 shares of the exchange traded fund’s stock worth $392,000 after purchasing an additional 969 shares during the last quarter. Private Trust Co. NA boosted its holdings in Invesco Financial Preferred ETF by 11.4% in the fourth quarter. Private Trust Co. NA now owns 12,620 shares of the exchange traded fund’s stock worth $178,000 after purchasing an additional 1,290 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Invesco Financial Preferred ETF by 10.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 14,479 shares of the exchange traded fund’s stock worth $205,000 after buying an additional 1,334 shares during the last quarter. Truist Financial Corp raised its holdings in Invesco Financial Preferred ETF by 6.5% during the fourth quarter. Truist Financial Corp now owns 25,177 shares of the exchange traded fund’s stock valued at $356,000 after buying an additional 1,540 shares in the last quarter. Finally, HF Advisory Group LLC lifted its position in shares of Invesco Financial Preferred ETF by 6.7% in the second quarter. HF Advisory Group LLC now owns 25,438 shares of the exchange traded fund’s stock worth $349,000 after buying an additional 1,589 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.