Commonwealth Equity Services LLC Lowers Stake in Invesco Financial Preferred ETF (NYSEARCA:PGF)

Commonwealth Equity Services LLC lowered its holdings in shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) by 15.5% during the 4th quarter, HoldingsChannel reports. The fund owned 85,104 shares of the exchange traded fund’s stock after selling 15,596 shares during the period. Commonwealth Equity Services LLC’s holdings in Invesco Financial Preferred ETF were worth $1,238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Promus Capital LLC purchased a new position in shares of Invesco Financial Preferred ETF during the fourth quarter valued at approximately $31,000. McClarren Financial Advisors Inc. grew its stake in shares of Invesco Financial Preferred ETF by 14,226.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 2,149 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 2,134 shares during the last quarter. Allworth Financial LP increased its position in Invesco Financial Preferred ETF by 967.6% during the 4th quarter. Allworth Financial LP now owns 2,936 shares of the exchange traded fund’s stock valued at $43,000 after buying an additional 2,661 shares in the last quarter. Vision Financial Markets LLC purchased a new position in Invesco Financial Preferred ETF during the fourth quarter valued at $58,000. Finally, Principal Securities Inc. boosted its holdings in Invesco Financial Preferred ETF by 36.6% in the fourth quarter. Principal Securities Inc. now owns 5,598 shares of the exchange traded fund’s stock worth $81,000 after acquiring an additional 1,500 shares in the last quarter.

Invesco Financial Preferred ETF Price Performance

NYSEARCA PGF opened at $14.36 on Monday. Invesco Financial Preferred ETF has a 12 month low of $14.25 and a 12 month high of $15.95. The stock’s fifty day moving average price is $14.70 and its 200-day moving average price is $15.03.

Invesco Financial Preferred ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.0651 per share. The ex-dividend date was Monday, March 24th.

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.