Invesco Financial Preferred ETF (NYSEARCA:PGF) Sets New 1-Year Low – What’s Next?

Invesco Financial Preferred ETF (NYSEARCA:PGF)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $12.60 and last traded at $12.6410, with a volume of 69608 shares traded. The stock had previously closed at $12.70.

Invesco Financial Preferred ETF Stock Performance

The company has a 50 day simple moving average of $13.27 and a 200-day simple moving average of $13.64.

Institutional Trading of Invesco Financial Preferred ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PGF. Compass Financial Management LLC bought a new stake in shares of Invesco Financial Preferred ETF in the 2nd quarter worth approximately $27,000. Bayban bought a new position in shares of Invesco Financial Preferred ETF during the fourth quarter valued at about $55,000. Integrated Wealth Concepts LLC bought a new position in shares of Invesco Financial Preferred ETF during the second quarter valued at about $89,000. Motiv8 Investments LLC purchased a new position in shares of Invesco Financial Preferred ETF in the fourth quarter worth about $99,000. Finally, 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.

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.