Invesco Financial Preferred ETF (NYSEARCA:PGF) Hits New 12-Month Low – Should You Sell?

Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) hit a new 52-week low on Wednesday. The stock traded as low as $12.60 and last traded at $12.6410, with a volume of 69608 shares trading hands. The stock had previously closed at $12.70.

Invesco Financial Preferred ETF Stock Down 0.3%

The firm’s fifty day moving average price is $13.27 and its 200-day moving average price is $13.64.

Institutional Trading of Invesco Financial Preferred ETF

A number of institutional investors have recently modified their holdings of the company. Compass Financial Management LLC bought a new stake in shares of Invesco Financial Preferred ETF in the second quarter worth about $27,000. Bayban purchased a new stake in Invesco Financial Preferred ETF in the 4th quarter worth approximately $55,000. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco Financial Preferred ETF in the 2nd quarter worth approximately $89,000. Motiv8 Investments LLC purchased a new position in shares of Invesco Financial Preferred ETF during the fourth quarter valued at approximately $99,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of Invesco Financial Preferred ETF during the first quarter valued at approximately $100,000.

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.