Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF – Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $13.47 and last traded at $13.48, with a volume of 88074 shares traded. The stock had previously closed at $13.51.
Invesco Financial Preferred ETF Price Performance
The business has a fifty day simple moving average of $13.67 and a 200 day simple moving average of $13.94.
Hedge Funds Weigh In On Invesco Financial Preferred ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the company. North Star Investment Management Corp. raised its position in Invesco Financial Preferred ETF by 19.0% during the first quarter. North Star Investment Management Corp. now owns 318,191 shares of the exchange traded fund’s stock worth $4,378,000 after acquiring an additional 50,749 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Invesco Financial Preferred ETF during the first quarter worth $1,021,000. International Assets Investment Management LLC grew its holdings in Invesco Financial Preferred ETF by 18.6% in the 1st quarter. International Assets Investment Management LLC now owns 65,378 shares of the exchange traded fund’s stock valued at $905,000 after buying an additional 10,237 shares during the period. Keudell Morrison Wealth Management purchased a new stake in Invesco Financial Preferred ETF in the first quarter valued at approximately $210,000. Finally, Sterneck Capital Management LLC increased its holdings in shares of Invesco Financial Preferred ETF by 5.8% during the 1st quarter. Sterneck Capital Management LLC now owns 143,954 shares of the exchange traded fund’s stock worth $1,981,000 after buying an additional 7,920 shares during 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.
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