Cushing Capital Partners LLC Takes Position in Invesco Financial Preferred ETF (NYSEARCA:PGF)

Cushing Capital Partners LLC purchased a new position in Invesco Financial Preferred ETF (NYSEARCA:PGF) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,586 shares of the exchange traded fund’s stock, valued at approximately $580,000. Cushing Capital Partners LLC owned 0.07% of Invesco Financial Preferred ETF as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. boosted its position in shares of Invesco Financial Preferred ETF by 3.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 22,713 shares of the exchange traded fund’s stock worth $330,000 after purchasing an additional 728 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Invesco Financial Preferred ETF by 6.8% during the fourth quarter. Sanctuary Advisors LLC now owns 85,700 shares of the exchange traded fund’s stock valued at $1,269,000 after buying an additional 5,445 shares during the last quarter. Cetera Investment Advisers raised its stake in Invesco Financial Preferred ETF by 2.0% during the fourth quarter. Cetera Investment Advisers now owns 53,603 shares of the exchange traded fund’s stock valued at $780,000 after buying an additional 1,059 shares during the last quarter. Allworth Financial LP boosted its holdings in Invesco Financial Preferred ETF by 967.6% in the fourth quarter. Allworth Financial LP now owns 2,936 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 2,661 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of Invesco Financial Preferred ETF by 107.7% in the fourth quarter. Jones Financial Companies Lllp now owns 26,599 shares of the exchange traded fund’s stock worth $387,000 after acquiring an additional 13,792 shares during the last quarter.

Invesco Financial Preferred ETF Stock Performance

Shares of NYSEARCA:PGF opened at $14.02 on Wednesday. The business has a fifty day moving average price of $13.98 and a 200-day moving average price of $14.42. Invesco Financial Preferred ETF has a 1-year low of $13.62 and a 1-year high of $15.95.

Invesco Financial Preferred ETF 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.