Invesco Financial Preferred ETF (NYSEARCA:PGF) Hits New 1-Year Low – Time to Sell?

Invesco Financial Preferred ETF (NYSEARCA:PGF) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $13.09 and last traded at $13.11, with a volume of 7797 shares changing hands. The stock had previously closed at $13.12.

Invesco Financial Preferred ETF Trading Down 0.2%

The stock has a fifty day simple moving average of $13.50 and a two-hundred day simple moving average of $13.79.

Institutional Investors Weigh In On Invesco Financial Preferred ETF

Hedge funds have recently added to or reduced their stakes in the business. Compass Financial Management LLC bought a new position in shares of Invesco Financial Preferred ETF during the 2nd quarter worth about $27,000. Bayban bought a new stake in Invesco Financial Preferred ETF in the 4th quarter valued at about $55,000. Integrated Wealth Concepts LLC bought a new stake in Invesco Financial Preferred ETF in the 2nd quarter valued at about $89,000. Motiv8 Investments LLC acquired a new position in Invesco Financial Preferred ETF during the 4th quarter worth approximately $99,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in Invesco Financial Preferred ETF during the 1st quarter worth approximately $100,000.

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.