North Star Investment Management Corp. Grows Stock Position in Invesco Financial Preferred ETF $PGF

North Star Investment Management Corp. boosted its holdings in Invesco Financial Preferred ETF (NYSEARCA:PGF) by 19.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 318,191 shares of the exchange traded fund’s stock after acquiring an additional 50,749 shares during the period. North Star Investment Management Corp.’s holdings in Invesco Financial Preferred ETF were worth $4,378,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Keudell Morrison Wealth Management acquired a new stake in Invesco Financial Preferred ETF during the first quarter worth $210,000. Sterneck Capital Management LLC raised its position in Invesco Financial Preferred ETF by 5.8% in the first quarter. Sterneck Capital Management LLC now owns 143,954 shares of the exchange traded fund’s stock valued at $1,981,000 after purchasing an additional 7,920 shares during the period. Bayban acquired a new position in shares of Invesco Financial Preferred ETF in the 4th quarter valued at $55,000. Osaic Holdings Inc. lifted its stake in shares of Invesco Financial Preferred ETF by 2.6% in the 4th quarter. Osaic Holdings Inc. now owns 91,438 shares of the exchange traded fund’s stock valued at $1,293,000 after purchasing an additional 2,307 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of Invesco Financial Preferred ETF by 1.1% during the 4th quarter. Private Advisor Group LLC now owns 342,877 shares of the exchange traded fund’s stock worth $4,848,000 after purchasing an additional 3,852 shares during the period.

Invesco Financial Preferred ETF Price Performance

Shares of NYSEARCA:PGF opened at $13.66 on Monday. The business has a 50-day moving average price of $13.88 and a 200 day moving average price of $14.09. Invesco Financial Preferred ETF has a 12-month low of $13.61 and a 12-month high of $15.00.

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.