Invesco Financial Preferred ETF (NYSEARCA:PGF) Sets New 1-Year Low – Time to Sell?

Invesco Financial Preferred ETF (NYSEARCA:PGF)’s stock price hit a new 52-week low during trading on Wednesday. The stock traded as low as $12.55 and last traded at $12.5650, with a volume of 45,708 shares traded. The stock had previously closed at $12.56.

Invesco Financial Preferred ETF Stock Up 0.5%

The stock has a 50 day simple moving average of $13.06 and a two-hundred day simple moving average of $13.54.

Institutional Trading of Invesco Financial Preferred ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Compass Financial Management LLC purchased a new stake in shares of Invesco Financial Preferred ETF during the second quarter worth approximately $27,000. Vision Financial Markets LLC acquired a new stake in shares of Invesco Financial Preferred ETF in the 3rd quarter valued at approximately $51,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco Financial Preferred ETF during the 2nd quarter worth $89,000. Cassaday & Co Wealth Management LLC purchased a new stake in Invesco Financial Preferred ETF during the first quarter worth about $100,000. Finally, Sowell Financial Services LLC purchased a new stake in shares of Invesco Financial Preferred ETF during the 3rd quarter worth approximately $157,000.

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.