Invesco Financial Preferred ETF (NYSEARCA:PGF) Reaches New 52-Week Low – Should You Sell?

Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) hit a new 52-week low on Wednesday . The company traded as low as $13.61 and last traded at $13.61, with a volume of 10274 shares traded. The stock had previously closed at $13.66.

Invesco Financial Preferred ETF Trading Down 0.2%

The stock’s 50 day simple moving average is $13.77 and its two-hundred day simple moving average is $14.03.

Institutional Investors Weigh In On Invesco Financial Preferred ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PGF. North Star Investment Management Corp. boosted its position in Invesco Financial Preferred ETF by 19.0% in the first quarter. North Star Investment Management Corp. now owns 318,191 shares of the exchange traded fund’s stock worth $4,378,000 after purchasing an additional 50,749 shares during the last quarter. Aptus Capital Advisors LLC increased its holdings in shares of Invesco Financial Preferred ETF by 19.2% in the fourth quarter. Aptus Capital Advisors LLC now owns 10,234 shares of the exchange traded fund’s stock worth $145,000 after purchasing an additional 1,649 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Invesco Financial Preferred ETF during the third quarter valued at $121,000. HF Advisory Group LLC boosted its stake in Invesco Financial Preferred ETF by 6.7% during the second quarter. HF Advisory Group LLC now owns 25,438 shares of the exchange traded fund’s stock worth $349,000 after buying an additional 1,589 shares during the period. Finally, City Center Advisors LLC boosted its position in shares of Invesco Financial Preferred ETF by 13.9% during the second quarter. City Center Advisors LLC now owns 14,393 shares of the exchange traded fund’s stock valued at $197,000 after buying an additional 1,761 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.