Invesco Financial Preferred ETF (NYSEARCA:PGF) Sets New 52-Week Low – Time to Sell?

Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) reached a new 52-week low during trading on Monday . The stock traded as low as $13.70 and last traded at $13.71, with a volume of 116914 shares. The stock had previously closed at $13.72.

Invesco Financial Preferred ETF Price Performance

The company’s 50-day simple moving average is $13.94 and its 200 day simple moving average is $14.13.

Institutional Trading of Invesco Financial Preferred ETF

Several large investors have recently added to or reduced their stakes in the business. Cim LLC grew its position in Invesco Financial Preferred ETF by 3.5% in the first quarter. Cim LLC now owns 28,491 shares of the exchange traded fund’s stock worth $392,000 after acquiring an additional 969 shares in the last quarter. Private Trust Co. NA grew its position in Invesco Financial Preferred ETF by 11.4% in the fourth quarter. Private Trust Co. NA now owns 12,620 shares of the exchange traded fund’s stock worth $178,000 after acquiring an additional 1,290 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Invesco Financial Preferred ETF by 10.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 14,479 shares of the exchange traded fund’s stock worth $205,000 after acquiring an additional 1,334 shares in the last quarter. Magnus Financial Group LLC grew its position in Invesco Financial Preferred ETF by 1.6% in the fourth quarter. Magnus Financial Group LLC now owns 85,144 shares of the exchange traded fund’s stock worth $1,204,000 after acquiring an additional 1,341 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in Invesco Financial Preferred ETF by 4.5% in the third quarter. Wealthcare Advisory Partners LLC now owns 31,344 shares of the exchange traded fund’s stock worth $458,000 after acquiring an additional 1,350 shares in the last quarter.

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.