Invesco Financial Preferred ETF (NYSEARCA:PGF) Sees Large Volume Increase – Here’s Why

Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) saw an uptick in trading volume on Wednesday . Approximately 199,530 shares changed hands during trading, an increase of 37% from the previous session’s volume of 145,181 shares.The stock last traded at $13.44 and had previously closed at $13.37.

Invesco Financial Preferred ETF Price Performance

The firm has a 50 day moving average of $13.66 and a 200-day moving average of $13.92.

Institutional Trading of Invesco Financial Preferred ETF

Large investors have recently modified their holdings of the stock. Compass Financial Management LLC acquired a new position in Invesco Financial Preferred ETF in the second quarter valued at about $27,000. Investors Research Corp grew its stake in Invesco Financial Preferred ETF by 7.4% during the second quarter. Investors Research Corp now owns 378,941 shares of the exchange traded fund’s stock worth $5,195,000 after buying an additional 26,222 shares in the last quarter. HF Advisory Group LLC grew 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 in the last quarter. City Center Advisors LLC increased its holdings in Invesco Financial Preferred ETF by 13.9% in the 2nd 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. Finally, Cim LLC increased its holdings in 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 valued at $392,000 after buying an additional 969 shares during the period.

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.