Invesco Financial Preferred ETF (NYSEARCA:PGF – Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $13.61 and last traded at $13.61, with a volume of 10274 shares. The stock had previously closed at $13.66.
Invesco Financial Preferred ETF Stock Down 0.2%
The business’s fifty day moving average is $13.77 and its 200-day moving average is $14.03.
Hedge Funds Weigh In On Invesco Financial Preferred ETF
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC bought a new stake in Invesco Financial Preferred ETF during the fourth quarter valued at $40,000. Bayban bought a new position in shares of Invesco Financial Preferred ETF during the 4th quarter worth approximately $55,000. Motiv8 Investments LLC bought a new position in Invesco Financial Preferred ETF during the fourth quarter valued at about $99,000. Cassaday & Co Wealth Management LLC purchased a new stake in Invesco Financial Preferred ETF in the first quarter worth $100,000. Finally, Advisory Services Network LLC bought a new stake in shares of Invesco Financial Preferred ETF in the third quarter valued at approximately $121,000.
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.
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