Invesco Financial Preferred ETF (NYSEARCA:PGF) Hits New 52-Week Low – What’s Next?

Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) reached a new 52-week low on Monday . The stock traded as low as $13.50 and last traded at $13.50, with a volume of 118361 shares. The stock had previously closed at $13.58.

Invesco Financial Preferred ETF Price Performance

The business’s fifty day moving average is $13.68 and its two-hundred day moving average is $13.95.

Institutional Investors Weigh In On Invesco Financial Preferred ETF

A number of institutional investors and hedge funds have recently modified their holdings of PGF. Flagship Harbor Advisors LLC bought a new stake in shares of Invesco Financial Preferred ETF in the fourth quarter valued at about $40,000. Bayban bought a new position in Invesco Financial Preferred ETF during the 4th quarter worth about $55,000. Motiv8 Investments LLC purchased a new position in Invesco Financial Preferred ETF during the 4th quarter valued at about $99,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Invesco Financial Preferred ETF in the 1st quarter valued at about $100,000. Finally, Advisory Services Network LLC bought a new stake in shares of Invesco Financial Preferred ETF in the 3rd quarter valued at about $121,000.

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. 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.