Invesco Financial Preferred ETF (NYSEARCA:PGF) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

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 Performance

The business’s 50-day moving average is $13.94 and its two-hundred day moving average is $14.13.

Hedge Funds Weigh In On Invesco Financial Preferred ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PGF. Royal Bank of Canada boosted its holdings in Invesco Financial Preferred ETF by 1.8% in the 1st quarter. Royal Bank of Canada now owns 140,584 shares of the exchange traded fund’s stock valued at $2,009,000 after purchasing an additional 2,460 shares during the last quarter. Jane Street Group LLC boosted its holdings in Invesco Financial Preferred ETF by 33.0% in the 1st quarter. Jane Street Group LLC now owns 106,613 shares of the exchange traded fund’s stock valued at $1,522,000 after purchasing an additional 26,457 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Invesco Financial Preferred ETF by 26.0% in the 2nd quarter. NewEdge Advisors LLC now owns 26,979 shares of the exchange traded fund’s stock worth $381,000 after acquiring an additional 5,574 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Invesco Financial Preferred ETF by 27.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 67,225 shares of the exchange traded fund’s stock worth $949,000 after acquiring an additional 14,517 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Invesco Financial Preferred ETF by 10.7% in the 2nd quarter. Bank of America Corp DE now owns 676,150 shares of the exchange traded fund’s stock worth $9,540,000 after acquiring an additional 65,309 shares during the last quarter.

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.