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

Invesco Financial Preferred ETF (NYSEARCA:PGF) shares hit a new 52-week low during trading on Monday . The company traded as low as $14.35 and last traded at $14.41, with a volume of 130339 shares traded. The stock had previously closed at $14.40.

Invesco Financial Preferred ETF Trading Up 0.4 %

The firm has a fifty day moving average price of $15.10 and a two-hundred day moving average price of $15.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cim LLC lifted its position in Invesco Financial Preferred ETF by 2.6% during the second quarter. Cim LLC now owns 406,390 shares of the exchange traded fund’s stock valued at $6,279,000 after purchasing an additional 10,263 shares during the period. International Assets Investment Management LLC purchased a new stake in Invesco Financial Preferred ETF during the 2nd quarter valued at $40,000. Sterneck Capital Management LLC lifted its holdings in shares of Invesco Financial Preferred ETF by 3.0% during the 3rd quarter. Sterneck Capital Management LLC now owns 92,245 shares of the exchange traded fund’s stock valued at $1,445,000 after buying an additional 2,690 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of Invesco Financial Preferred ETF in the 3rd quarter worth $72,000. Finally, Captrust Financial Advisors grew its holdings in shares of Invesco Financial Preferred ETF by 1.7% in the third quarter. Captrust Financial Advisors now owns 45,022 shares of the exchange traded fund’s stock worth $705,000 after acquiring an additional 752 shares during the period.

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.