Invesco Financial Preferred ETF (NYSEARCA:PGF) Sets New 52-Week Low – Time to Sell?

Invesco Financial Preferred ETF (NYSEARCA:PGF)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $13.70 and last traded at $13.71, with a volume of 116914 shares. The stock had previously closed at $13.72.

Invesco Financial Preferred ETF Price Performance

The business’s 50 day moving average is $13.94 and its 200 day moving average is $14.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG grew its position in Invesco Financial Preferred ETF by 26.0% during the third quarter. UBS Group AG now owns 1,401,504 shares of the exchange traded fund’s stock valued at $20,490,000 after purchasing an additional 289,564 shares in the last quarter. Bank of America Corp DE grew its position in Invesco Financial Preferred ETF by 9.5% during the third quarter. Bank of America Corp DE now owns 740,240 shares of the exchange traded fund’s stock valued at $10,822,000 after purchasing an additional 64,090 shares in the last quarter. Private Advisor Group LLC grew its position in Invesco Financial Preferred ETF by 1.1% during the fourth quarter. Private Advisor Group LLC now owns 342,877 shares of the exchange traded fund’s stock valued at $4,848,000 after purchasing an additional 3,852 shares in the last quarter. Evoke Wealth LLC grew its position in Invesco Financial Preferred ETF by 4.9% during the fourth quarter. Evoke Wealth LLC now owns 334,076 shares of the exchange traded fund’s stock valued at $4,724,000 after purchasing an additional 15,752 shares in the last quarter. Finally, Investors Research Corp grew its position in Invesco Financial Preferred ETF by 8.7% during the fourth quarter. Investors Research Corp now owns 322,794 shares of the exchange traded fund’s stock valued at $4,564,000 after purchasing an additional 25,710 shares in the last quarter.

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.