Invesco Financial Preferred ETF (NYSEARCA:PGF) Reaches New 52-Week Low – What’s Next?

Invesco Financial Preferred ETF (NYSEARCA:PGF) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $13.35 and last traded at $13.36, with a volume of 6254 shares. The stock had previously closed at $13.43.

Invesco Financial Preferred ETF Stock Down 0.3%

The stock has a 50 day moving average of $13.64 and a 200 day moving average of $13.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Compass Financial Management LLC acquired a new stake in shares of Invesco Financial Preferred ETF during the second quarter worth $27,000. Bayban acquired a new position in Invesco Financial Preferred ETF in the fourth quarter valued at $55,000. Motiv8 Investments LLC acquired a new position in Invesco Financial Preferred ETF in the fourth quarter valued at $99,000. Cassaday & Co Wealth Management LLC acquired a new position in Invesco Financial Preferred ETF in the first quarter valued at $100,000. Finally, Advisory Services Network LLC bought a new stake in Invesco Financial Preferred ETF during the third quarter valued at $121,000.

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.