Appleton Partners Inc. MA Lowers Holdings in Invesco Financial Preferred ETF (NYSEARCA:PGF)

Appleton Partners Inc. MA trimmed its position in Invesco Financial Preferred ETF (NYSEARCA:PGF) by 11.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 20,700 shares of the exchange traded fund’s stock after selling 2,593 shares during the period. Appleton Partners Inc. MA’s holdings in Invesco Financial Preferred ETF were worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. RFG Holdings Inc. purchased a new stake in shares of Invesco Financial Preferred ETF during the 1st quarter worth $13,205,000. Private Advisor Group LLC boosted its position in shares of Invesco Financial Preferred ETF by 14.2% in the 4th quarter. Private Advisor Group LLC now owns 784,132 shares of the exchange traded fund’s stock worth $11,433,000 after buying an additional 97,509 shares in the last quarter. UBS Group AG boosted its position in shares of Invesco Financial Preferred ETF by 4.4% in the 4th quarter. UBS Group AG now owns 412,408 shares of the exchange traded fund’s stock worth $6,013,000 after buying an additional 17,488 shares in the last quarter. Cim LLC raised its stake in Invesco Financial Preferred ETF by 5.1% in the 1st quarter. Cim LLC now owns 396,127 shares of the exchange traded fund’s stock valued at $6,037,000 after purchasing an additional 19,078 shares during the last quarter. Finally, Investors Research Corp raised its stake in Invesco Financial Preferred ETF by 10.1% in the 4th quarter. Investors Research Corp now owns 124,320 shares of the exchange traded fund’s stock valued at $1,813,000 after purchasing an additional 11,361 shares during the last quarter.

Invesco Financial Preferred ETF Trading Up 0.5 %

PGF stock traded up $0.08 during trading on Friday, hitting $14.98. The stock had a trading volume of 402,719 shares, compared to its average volume of 178,786. The company’s 50 day moving average price is $14.83 and its two-hundred day moving average price is $14.91. Invesco Financial Preferred ETF has a 1-year low of $13.03 and a 1-year high of $15.38.

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.