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

Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) hit a new 52-week low during trading on Wednesday . The company traded as low as $13.61 and last traded at $13.61, with a volume of 10274 shares trading hands. The stock had previously closed at $13.66.

Invesco Financial Preferred ETF Stock Down 0.7%

The company’s fifty day moving average is $13.75 and its 200 day moving average is $14.02.

Hedge Funds Weigh In On Invesco Financial Preferred ETF

Hedge funds have recently made changes to their positions in the stock. Investors Research Corp lifted its holdings in Invesco Financial Preferred ETF by 7.4% during the 2nd quarter. Investors Research Corp now owns 378,941 shares of the exchange traded fund’s stock worth $5,195,000 after purchasing an additional 26,222 shares in the last quarter. HF Advisory Group LLC lifted its holdings in shares of Invesco Financial Preferred ETF by 6.7% during the 2nd quarter. HF Advisory Group LLC now owns 25,438 shares of the exchange traded fund’s stock worth $349,000 after acquiring an additional 1,589 shares during the last quarter. City Center Advisors LLC grew its position in Invesco Financial Preferred ETF by 13.9% in the second quarter. City Center Advisors LLC now owns 14,393 shares of the exchange traded fund’s stock worth $197,000 after acquiring an additional 1,761 shares in the last quarter. 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. Finally, Royal Bank of Canada grew its position in Invesco Financial Preferred ETF by 13.2% in the first quarter. Royal Bank of Canada now owns 130,368 shares of the exchange traded fund’s stock worth $1,794,000 after acquiring an additional 15,208 shares in the last quarter.

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.