Invesco Financial Preferred ETF (NYSEARCA:PGF) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Invesco Financial Preferred ETF (NYSEARCA:PGF) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.13 and traded as low as $13.71. Invesco Financial Preferred ETF shares last traded at $13.72, with a volume of 108,631 shares traded.

Invesco Financial Preferred ETF Stock Down 0.4%

The company’s fifty day simple moving average is $13.94 and its two-hundred day simple moving average is $14.13.

Institutional Investors Weigh In On Invesco Financial Preferred ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cim LLC raised its holdings in shares of Invesco Financial Preferred ETF by 3.5% during the first quarter. Cim LLC now owns 28,491 shares of the exchange traded fund’s stock worth $392,000 after acquiring an additional 969 shares during the period. Royal Bank of Canada raised its holdings in shares of Invesco Financial Preferred ETF by 13.2% during the first quarter. Royal Bank of Canada now owns 130,368 shares of the exchange traded fund’s stock worth $1,794,000 after acquiring an additional 15,208 shares during the period. Cetera Investment Advisers raised its holdings in shares of Invesco Financial Preferred ETF by 9.7% during the first quarter. Cetera Investment Advisers now owns 70,688 shares of the exchange traded fund’s stock worth $973,000 after acquiring an additional 6,249 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Invesco Financial Preferred ETF during the first quarter worth $100,000. Finally, D.A. Davidson & CO. raised its holdings in shares of Invesco Financial Preferred ETF by 4.1% during the first quarter. D.A. Davidson & CO. now owns 78,203 shares of the exchange traded fund’s stock worth $1,076,000 after acquiring an additional 3,102 shares during the period.

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. 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.