Invesco Financial Preferred ETF (NYSEARCA:PGF) Sees Unusually-High Trading Volume – Here’s Why

Invesco Financial Preferred ETF (NYSEARCA:PGF) saw strong trading volume on Wednesday . Approximately 190,596 shares were traded during mid-day trading, an increase of 24% from the previous session’s volume of 154,039 shares.The stock last traded at $13.1950 and had previously closed at $13.09.

Invesco Financial Preferred ETF Stock Performance

The business has a 50-day moving average price of $13.49 and a 200-day moving average price of $13.78.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cim LLC lifted its position in shares of Invesco Financial Preferred ETF by 3.5% in the 1st quarter. Cim LLC now owns 28,491 shares of the exchange traded fund’s stock worth $392,000 after purchasing an additional 969 shares during the period. Truist Financial Corp increased its holdings in Invesco Financial Preferred ETF by 6.5% during the fourth quarter. Truist Financial Corp now owns 25,177 shares of the exchange traded fund’s stock valued at $356,000 after buying an additional 1,540 shares during the period. HF Advisory Group LLC increased its holdings 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 valued at $349,000 after buying an additional 1,589 shares during the period. City Center Advisors LLC raised its stake in Invesco Financial Preferred ETF by 13.9% in the second quarter. City Center Advisors LLC now owns 14,393 shares of the exchange traded fund’s stock worth $197,000 after buying an additional 1,761 shares in the last quarter. Finally, Compass Financial Management LLC bought a new position in Invesco Financial Preferred ETF in the second quarter worth approximately $27,000.

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.