Affiance Financial LLC Has $358,000 Position in Invesco Financial Preferred ETF (PGF)

Affiance Financial LLC reduced its stake in Invesco Financial Preferred ETF (NYSEARCA:PGF) by 19.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,625 shares of the exchange traded fund’s stock after selling 4,830 shares during the quarter. Affiance Financial LLC’s holdings in Invesco Financial Preferred ETF were worth $358,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in Invesco Financial Preferred ETF by 4.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 62,058 shares of the exchange traded fund’s stock worth $1,129,000 after purchasing an additional 2,796 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Invesco Financial Preferred ETF by 6.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 49,502 shares of the exchange traded fund’s stock worth $900,000 after purchasing an additional 3,005 shares during the last quarter. Atria Investments LLC lifted its holdings in Invesco Financial Preferred ETF by 9.6% in the 3rd quarter. Atria Investments LLC now owns 42,532 shares of the exchange traded fund’s stock worth $774,000 after purchasing an additional 3,735 shares during the last quarter. Baker Avenue Asset Management LP lifted its holdings in Invesco Financial Preferred ETF by 1.2% in the 3rd quarter. Baker Avenue Asset Management LP now owns 384,689 shares of the exchange traded fund’s stock worth $6,997,000 after purchasing an additional 4,375 shares during the last quarter. Finally, Prospera Financial Services Inc lifted its holdings in Invesco Financial Preferred ETF by 4.8% in the 3rd quarter. Prospera Financial Services Inc now owns 95,603 shares of the exchange traded fund’s stock worth $1,763,000 after purchasing an additional 4,400 shares during the last quarter.

Several equities research analysts recently weighed in on PGF shares. Royal Bank of Canada restated a “sell” rating and issued a $0.90 target price on shares of Invesco Financial Preferred ETF in a report on Monday. Raymond James reiterated an “average” rating and set a $0.50 price target on shares of Invesco Financial Preferred ETF in a report on Thursday, December 13th.

NYSEARCA:PGF traded up $0.01 during trading hours on Friday, reaching $17.77. The company had a trading volume of 3,310 shares, compared to its average volume of 741,868. Invesco Financial Preferred ETF has a one year low of $16.99 and a one year high of $18.82.

The business also recently declared a monthly dividend, which was paid on Monday, December 31st. Shareholders of record on Wednesday, December 26th were given a $0.093 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.28%. This is a boost from Invesco Financial Preferred ETF’s previous monthly dividend of $0.08. The ex-dividend date was Monday, December 24th.

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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.

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Institutional Ownership by Quarter for Invesco Financial Preferred ETF (NYSEARCA:PGF)

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