Invesco Financial Preferred ETF (NYSEARCA:PGF) Reaches New 1-Year Low – Here’s What Happened

Invesco Financial Preferred ETF (NYSEARCA:PGF)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $13.35 and last traded at $13.36, with a volume of 6254 shares traded. The stock had previously closed at $13.43.

Invesco Financial Preferred ETF Trading Up 0.7%

The firm has a 50-day moving average of $13.63 and a two-hundred day moving average of $13.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PGF. Royal Bank of Canada boosted its stake in shares of Invesco Financial Preferred ETF by 1.8% in the 1st quarter. Royal Bank of Canada now owns 140,584 shares of the exchange traded fund’s stock valued at $2,009,000 after purchasing an additional 2,460 shares in the last quarter. Jane Street Group LLC increased its position in Invesco Financial Preferred ETF by 33.0% during the 1st quarter. Jane Street Group LLC now owns 106,613 shares of the exchange traded fund’s stock worth $1,522,000 after purchasing an additional 26,457 shares in the last quarter. NewEdge Advisors LLC increased its position in Invesco Financial Preferred ETF by 26.0% during the 2nd quarter. NewEdge Advisors LLC now owns 26,979 shares of the exchange traded fund’s stock worth $381,000 after purchasing an additional 5,574 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Invesco Financial Preferred ETF by 27.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 67,225 shares of the exchange traded fund’s stock valued at $949,000 after purchasing an additional 14,517 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Invesco Financial Preferred ETF by 10.7% in the 2nd quarter. Bank of America Corp DE now owns 676,150 shares of the exchange traded fund’s stock valued at $9,540,000 after purchasing an additional 65,309 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.