North Star Investment Management Corp. purchased a new position in Invesco Financial Preferred ETF (NYSEARCA:PGF – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 342,803 shares of the exchange traded fund’s stock, valued at approximately $4,367,000.
Several other large investors have also added to or reduced their stakes in the stock. Investors Research Corp boosted its holdings in Invesco Financial Preferred ETF by 8.7% in the third quarter. Investors Research Corp now owns 411,899 shares of the exchange traded fund’s stock valued at $5,248,000 after acquiring an additional 32,958 shares in the last quarter. Signal Advisors Wealth LLC raised its holdings in Invesco Financial Preferred ETF by 11.1% in the 3rd quarter. Signal Advisors Wealth LLC now owns 335,987 shares of the exchange traded fund’s stock worth $4,280,000 after purchasing an additional 33,485 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Invesco Financial Preferred ETF by 26.3% in the 1st quarter. Sanctuary Advisors LLC now owns 137,029 shares of the exchange traded fund’s stock worth $1,886,000 after purchasing an additional 28,518 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Invesco Financial Preferred ETF by 13.2% in the 1st quarter. Royal Bank of Canada now owns 130,368 shares of the exchange traded fund’s stock worth $1,794,000 after purchasing an additional 15,208 shares during the period. Finally, Lord & Richards Wealth Management LLC lifted its position in shares of Invesco Financial Preferred ETF by 7.1% in the 2nd quarter. Lord & Richards Wealth Management LLC now owns 90,368 shares of the exchange traded fund’s stock worth $1,239,000 after purchasing an additional 5,995 shares during the period.
Invesco Financial Preferred ETF Stock Down 0.6%
Shares of PGF opened at $12.48 on Thursday. The firm’s 50-day moving average price is $12.99 and its 200-day moving average price is $13.72. Invesco Financial Preferred ETF has a 1-year low of $12.46 and a 1-year high of $14.63.
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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