Invesco Financial Preferred ETF (NYSEARCA:PGF – Get Free Report)’s stock price reached a new 52-week low on Wednesday. The stock traded as low as $12.49 and last traded at $12.5010, with a volume of 111,769 shares changing hands. The stock had previously closed at $12.55.
Invesco Financial Preferred ETF Trading Up 0.2%
The company has a fifty day moving average of $12.97 and a 200-day moving average of $13.71.
Hedge Funds Weigh In On Invesco Financial Preferred ETF
A number of institutional investors have recently made changes to their positions in the business. Integrity Alliance LLC. acquired a new position in Invesco Financial Preferred ETF during the 3rd quarter valued at $168,000. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in shares of Invesco Financial Preferred ETF in the 3rd quarter worth approximately $148,000. LJI Wealth Management LLC grew its holdings in shares of Invesco Financial Preferred ETF by 10.0% during the third quarter. LJI Wealth Management LLC now owns 45,481 shares of the exchange traded fund’s stock worth $579,000 after purchasing an additional 4,128 shares during the last quarter. D.A. Davidson & CO. bought a new position in Invesco Financial Preferred ETF in the 3rd quarter worth approximately $962,000. Finally, North Star Investment Management Corp. acquired a new stake in Invesco Financial Preferred ETF in the third quarter worth about $4,367,000.
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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