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

Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $12.44 and last traded at $12.4350, with a volume of 64,727 shares trading hands. The stock had previously closed at $12.51.

Invesco Financial Preferred ETF Trading Down 0.5%

The company has a 50 day moving average of $12.81 and a 200-day moving average of $13.63.

Institutional Trading of Invesco Financial Preferred ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. North Star Investment Management Corp. purchased a new position in shares of Invesco Financial Preferred ETF in the third quarter valued at approximately $4,367,000. Private Advisor Group LLC acquired a new position in shares of Invesco Financial Preferred ETF in the third quarter valued at approximately $4,123,000. D.A. Davidson & CO. acquired a new position in shares of Invesco Financial Preferred ETF in the third quarter valued at approximately $962,000. Fifth Third Bancorp purchased a new stake in Invesco Financial Preferred ETF during the 1st quarter worth approximately $1,021,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Invesco Financial Preferred ETF during the 3rd quarter worth approximately $924,000.

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.