Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF – Get Free Report) saw strong trading volume on Wednesday . Approximately 199,530 shares were traded during trading, an increase of 37% from the previous session’s volume of 145,181 shares.The stock last traded at $13.44 and had previously closed at $13.37.
Invesco Financial Preferred ETF Stock Down 0.1%
The firm has a fifty day moving average price of $13.65 and a two-hundred day moving average price of $13.91.
Institutional Trading of Invesco Financial Preferred ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of PGF. Compass Financial Management LLC purchased a new position in Invesco Financial Preferred ETF in the 2nd quarter worth about $27,000. Bayban bought a new position in shares of Invesco Financial Preferred ETF during the 4th quarter worth $55,000. Motiv8 Investments LLC purchased a new position in shares of Invesco Financial Preferred ETF during the fourth quarter valued at $99,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Invesco Financial Preferred ETF during the first quarter valued at $100,000. Finally, Advisory Services Network LLC bought a new stake in shares of Invesco Financial Preferred ETF in the third quarter valued at about $121,000.
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. 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.
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