Invesco Financial Preferred ETF (NYSEARCA:PGF) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Invesco Financial Preferred ETF (NYSEARCA:PGF) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.35 and traded as low as $14.18. Invesco Financial Preferred ETF shares last traded at $14.18, with a volume of 123,608 shares.

Invesco Financial Preferred ETF Stock Performance

The business’s 50 day simple moving average is $14.59 and its 200 day simple moving average is $14.34.

Hedge Funds Weigh In On Invesco Financial Preferred ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new position in shares of Invesco Financial Preferred ETF in the second quarter worth $84,000. Wealth Enhancement Advisory Services LLC grew its stake in Invesco Financial Preferred ETF by 10.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 52,779 shares of the exchange traded fund’s stock valued at $755,000 after purchasing an additional 4,858 shares in the last quarter. Magnus Financial Group LLC grew its stake in Invesco Financial Preferred ETF by 1.6% in the second quarter. Magnus Financial Group LLC now owns 82,509 shares of the exchange traded fund’s stock valued at $1,164,000 after purchasing an additional 1,263 shares in the last quarter. LPL Financial LLC increased its position in Invesco Financial Preferred ETF by 4.2% in the 1st quarter. LPL Financial LLC now owns 1,241,815 shares of the exchange traded fund’s stock worth $17,733,000 after purchasing an additional 50,077 shares during the last quarter. Finally, Rogco LP increased its position in Invesco Financial Preferred ETF by 147.7% in the 2nd quarter. Rogco LP now owns 3,619 shares of the exchange traded fund’s stock worth $51,000 after purchasing an additional 2,158 shares during the last quarter.

Invesco Financial Preferred ETF Company Profile

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.