Invesco Financial Preferred ETF (NYSEARCA:PGF) Reaches New 1-Year Low – Here’s Why

Invesco Financial Preferred ETF (NYSEARCA:PGF) hit a new 52-week low on Tuesday . The company traded as low as $13.50 and last traded at $13.55, with a volume of 5189 shares changing hands. The stock had previously closed at $13.56.

Invesco Financial Preferred ETF Trading Down 0.3%

The stock’s fifty day simple moving average is $13.73 and its two-hundred day simple moving average is $14.00.

Institutional Trading of Invesco Financial Preferred ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PGF. North Star Investment Management Corp. boosted its position in Invesco Financial Preferred ETF by 19.0% during the 1st quarter. North Star Investment Management Corp. now owns 318,191 shares of the exchange traded fund’s stock valued at $4,378,000 after purchasing an additional 50,749 shares during the period. Fifth Third Bancorp acquired a new stake in shares of Invesco Financial Preferred ETF in the 1st quarter worth about $1,021,000. Kestra Advisory Services LLC increased its holdings in shares of Invesco Financial Preferred ETF by 18.7% in the 1st quarter. Kestra Advisory Services LLC now owns 23,430 shares of the exchange traded fund’s stock worth $322,000 after acquiring an additional 3,698 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in Invesco Financial Preferred ETF in the 1st quarter valued at about $100,000. Finally, Keudell Morrison Wealth Management bought a new position in Invesco Financial Preferred ETF in the 1st quarter worth about $210,000.

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.