Invesco Financial Preferred ETF (NYSEARCA:PGF) Stock Crosses Below 200 Day Moving Average – What’s Next?

Invesco Financial Preferred ETF (NYSEARCA:PGFGet Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.15 and traded as low as $13.81. Invesco Financial Preferred ETF shares last traded at $13.87, with a volume of 194,977 shares.

Invesco Financial Preferred ETF Price Performance

The company’s 50-day moving average price is $13.95 and its two-hundred day moving average price is $14.15.

Institutional Investors Weigh In On Invesco Financial Preferred ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of Invesco Financial Preferred ETF by 73.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 91,659 shares of the exchange traded fund’s stock worth $1,349,000 after purchasing an additional 38,880 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of Invesco Financial Preferred ETF in the 1st quarter worth about $1,021,000. Sanctuary Advisors LLC increased its position in shares of 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 during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of Invesco Financial Preferred ETF in the 1st quarter worth about $100,000. Finally, Keudell Morrison Wealth Management bought a new stake in shares of Invesco Financial Preferred ETF in the 1st quarter worth about $210,000.

Invesco Financial Preferred ETF Company Profile

(Get Free Report)

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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