Invesco Financial Preferred ETF (NYSEARCA:PGF – Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $13.70 and last traded at $13.80, with a volume of 12447 shares. The stock had previously closed at $13.74.
Invesco Financial Preferred ETF Stock Performance
The stock has a 50-day moving average price of $13.99 and a 200-day moving average price of $14.18.
Hedge Funds Weigh In On Invesco Financial Preferred ETF
A number of hedge funds have recently made changes to their positions in PGF. Royal Bank of Canada raised its position in shares of Invesco Financial Preferred ETF by 1.8% during the first quarter. Royal Bank of Canada now owns 140,584 shares of the exchange traded fund’s stock worth $2,009,000 after acquiring an additional 2,460 shares during the last quarter. Jane Street Group LLC raised its position in shares of Invesco Financial Preferred ETF by 33.0% during the first quarter. Jane Street Group LLC now owns 106,613 shares of the exchange traded fund’s stock worth $1,522,000 after acquiring an additional 26,457 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Invesco Financial Preferred ETF by 26.0% during the second quarter. NewEdge Advisors LLC now owns 26,979 shares of the exchange traded fund’s stock worth $381,000 after acquiring an additional 5,574 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Invesco Financial Preferred ETF by 27.5% during the second quarter. Ameriprise Financial Inc. now owns 67,225 shares of the exchange traded fund’s stock worth $949,000 after purchasing an additional 14,517 shares during the period. Finally, Bank of America Corp DE grew its stake in Invesco Financial Preferred ETF by 10.7% during the second quarter. Bank of America Corp DE now owns 676,150 shares of the exchange traded fund’s stock worth $9,540,000 after purchasing an additional 65,309 shares during the period.
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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