Invesco Financial Preferred ETF (NYSEARCA:PGF) Sets New 52-Week Low – Should You Sell?

by · The Cerbat Gem

Invesco Financial Preferred ETF (NYSEARCA:PGF – Get Free Report) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $13.28 and last traded at $13.2870, with a volume of 110328 shares traded. The stock had previously closed at $13.30.

Invesco Financial Preferred ETF Trading Down 0.1%

The stock’s fifty day moving average price is $13.56 and its 200-day moving average price is $13.83.

Hedge Funds Weigh In On Invesco Financial Preferred ETF

Several institutional investors and hedge funds have recently modified their holdings of PGF. Citadel Advisors LLC bought a new position in shares of Invesco Financial Preferred ETF during the 2nd quarter valued at $844,000. Ameritas Advisory Services LLC bought a new stake in Invesco Financial Preferred ETF in the second quarter worth $261,000. Compass Financial Management LLC acquired a new position in Invesco Financial Preferred ETF during the second quarter worth $27,000. Lord & Richards Wealth Management LLC increased its position in Invesco Financial Preferred ETF by 7.1% during the second quarter. Lord & Richards Wealth Management LLC now owns 90,368 shares of the exchange traded fund’s stock worth $1,239,000 after buying an additional 5,995 shares during the last quarter. Finally, Investors Research Corp raised its holdings in Invesco Financial Preferred ETF by 7.4% during the second quarter. Investors Research Corp now owns 378,941 shares of the exchange traded fund’s stock valued at $5,195,000 after buying an additional 26,222 shares in the last quarter.

Invesco Financial Preferred ETF Company Profile

(Get Free Report)

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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