Invesco Financial Preferred ETF (NYSEARCA:PGF – Get Free Report) saw an uptick in trading volume on Wednesday . Approximately 190,596 shares traded hands during trading, an increase of 24% from the previous session’s volume of 154,039 shares.The stock last traded at $13.1950 and had previously closed at $13.09.
Invesco Financial Preferred ETF Trading Up 0.8%
The business has a 50-day simple moving average of $13.49 and a 200 day simple moving average of $13.78.
Hedge Funds Weigh In On Invesco Financial Preferred ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in PGF. Cim LLC grew its stake in Invesco Financial Preferred ETF by 3.5% in the 1st quarter. Cim LLC now owns 28,491 shares of the exchange traded fund’s stock worth $392,000 after acquiring an additional 969 shares in the last quarter. Truist Financial Corp raised its stake in shares of 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 acquiring an additional 1,540 shares in the last quarter. HF Advisory Group LLC boosted its holdings 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 valued at $349,000 after purchasing an additional 1,589 shares during the period. City Center Advisors LLC boosted its holdings in shares of Invesco Financial Preferred ETF by 13.9% in the second quarter. City Center Advisors LLC now owns 14,393 shares of the exchange traded fund’s stock valued at $197,000 after purchasing an additional 1,761 shares during the period. Finally, Compass Financial Management LLC bought a new position in Invesco Financial Preferred ETF in the second quarter worth approximately $27,000.
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.
Featured Articles
- Five stocks we like better than Invesco Financial Preferred ETF
- Qualcomm’s Discount Could Vanish If Its AI Bet Pays Off
- Micron’s AI Memory Boom Could Send Shares 100% Higher
- Apple Stock Surges After Its Biggest Product Launch in Years—Can It Last?
- The Ultimate Cyber Shield: CrowdStrike Rises Past $235
Receive News & Ratings for Invesco Financial Preferred ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Financial Preferred ETF and related companies with MarketBeat.com's FREE daily email newsletter.
