Invesco Financial Preferred ETF (NYSEARCA:PGF) Shares Pass Below 200 Day Moving Average – Here’s Why

Invesco Financial Preferred ETF (NYSEARCA:PGF) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.03 and traded as low as $13.62. Invesco Financial Preferred ETF shares last traded at $13.65, with a volume of 110,702 shares traded.

Invesco Financial Preferred ETF Stock Down 0.7%

The company has a fifty day simple moving average of $13.76 and a 200-day simple moving average of $14.03.

Institutional Investors Weigh In On Invesco Financial Preferred ETF

A number of hedge funds have recently modified their holdings of PGF. Flagship Harbor Advisors LLC purchased a new position in Invesco Financial Preferred ETF during the fourth quarter worth about $40,000. Bayban purchased a new stake in shares of Invesco Financial Preferred ETF in the 4th quarter valued at approximately $55,000. Motiv8 Investments LLC acquired a new stake in shares of Invesco Financial Preferred ETF during the 4th quarter worth approximately $99,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Invesco Financial Preferred ETF during the 1st quarter worth approximately $100,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Invesco Financial Preferred ETF during the 3rd quarter valued at approximately $121,000.

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. 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.