Invesco Financial Preferred ETF (NYSEARCA:PGF) Shares Purchased by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. increased its position in shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) by 4.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,783 shares of the exchange traded fund’s stock after purchasing an additional 2,083 shares during the period. Pinnacle Associates Ltd.’s holdings in Invesco Financial Preferred ETF were worth $862,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Meridian Wealth Management LLC acquired a new position in shares of Invesco Financial Preferred ETF during the first quarter worth $75,000. Mid Atlantic Financial Management Inc. ADV acquired a new position in shares of Invesco Financial Preferred ETF during the first quarter worth $1,337,000. Liberty Wealth Management LLC acquired a new position in shares of Invesco Financial Preferred ETF during the second quarter worth $51,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Invesco Financial Preferred ETF by 4.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 144,544 shares of the exchange traded fund’s stock worth $2,639,000 after purchasing an additional 6,392 shares in the last quarter. Finally, Joseph P. Lucia & Associates LLC acquired a new position in shares of Invesco Financial Preferred ETF during the first quarter worth $22,131,000.

NYSEARCA PGF opened at $18.77 on Friday. Invesco Financial Preferred ETF has a 1 year low of $16.99 and a 1 year high of $18.91. The company has a fifty day moving average of $18.67 and a two-hundred day moving average of $18.43.

Separately, Raymond James restated a “sell” rating and issued a $0.50 price objective on shares of Invesco Financial Preferred ETF in a research note on Thursday, May 9th.

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.

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Want to see what other hedge funds are holding PGF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Financial Preferred ETF (NYSEARCA:PGF).

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

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