Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF – Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as $13.50 and last traded at $13.55, with a volume of 5189 shares. The stock had previously closed at $13.56.
Invesco Financial Preferred ETF Trading Up 0.2%
The business’s fifty day simple moving average is $13.74 and its 200-day simple moving average is $14.01.
Institutional Trading of Invesco Financial Preferred ETF
Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG increased its holdings in shares of Invesco Financial Preferred ETF by 26.0% in the third quarter. UBS Group AG now owns 1,401,504 shares of the exchange traded fund’s stock worth $20,490,000 after purchasing an additional 289,564 shares during the period. Rosenblum Silverman Sutton S F Inc. CA raised its holdings in shares of Invesco Financial Preferred ETF by 112.0% during the 4th quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 155,290 shares of the exchange traded fund’s stock valued at $2,196,000 after buying an additional 82,025 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of Invesco Financial Preferred ETF in the 1st quarter worth approximately $1,021,000. &PARTNERS bought a new stake in Invesco Financial Preferred ETF in the fourth quarter worth $924,000. Finally, Bank of America Corp DE boosted its holdings in Invesco Financial Preferred ETF by 10.7% during the 2nd quarter. Bank of America Corp DE now owns 676,150 shares of the exchange traded fund’s stock valued at $9,540,000 after acquiring an additional 65,309 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.
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