Invesco Financial Preferred ETF (NYSEARCA:PGF – Get Free Report) reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $12.60 and last traded at $12.6410, with a volume of 69608 shares traded. The stock had previously closed at $12.70.
Invesco Financial Preferred ETF Trading Up 0.6%
The firm’s fifty day moving average is $13.24 and its 200 day moving average is $13.63.
Hedge Funds Weigh In On Invesco Financial Preferred ETF
Hedge funds have recently modified their holdings of the stock. City Center Advisors LLC raised its holdings in shares of Invesco Financial Preferred ETF by 15.0% during the third quarter. City Center Advisors LLC now owns 16,552 shares of the exchange traded fund’s stock worth $211,000 after acquiring an additional 2,159 shares in the last quarter. Investors Research Corp boosted its holdings in Invesco Financial Preferred ETF by 8.7% during the third quarter. Investors Research Corp now owns 411,899 shares of the exchange traded fund’s stock valued at $5,248,000 after acquiring an additional 32,958 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Invesco Financial Preferred ETF in the 2nd quarter valued at approximately $89,000. Citadel Advisors LLC acquired a new position in shares of Invesco Financial Preferred ETF during the second quarter valued at about $844,000. Finally, Ameritas Advisory Services LLC acquired a new stake in Invesco Financial Preferred ETF during the second quarter worth about $261,000.
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. 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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