Invesco Financial Preferred ETF (NYSEARCA:PGF) Sees Unusually-High Trading Volume – Time to Buy?

Invesco Financial Preferred ETF (NYSEARCA:PGF) shares saw unusually-high trading volume on Tuesday . Approximately 1,177,375 shares were traded during mid-day trading, an increase of 563% from the previous session’s volume of 177,646 shares.The stock last traded at $15.01 and had previously closed at $15.16.

Invesco Financial Preferred ETF Stock Up 0.4 %

The company’s fifty day moving average price is $15.49 and its two-hundred day moving average price is $15.15.

Institutional Trading of Invesco Financial Preferred ETF

Several hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its holdings in Invesco Financial Preferred ETF by 7.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 17,334 shares of the exchange traded fund’s stock worth $255,000 after buying an additional 1,247 shares in the last quarter. Cim LLC increased its stake in Invesco Financial Preferred ETF by 2.6% in the 2nd quarter. Cim LLC now owns 406,390 shares of the exchange traded fund’s stock valued at $6,279,000 after purchasing an additional 10,263 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Invesco Financial Preferred ETF during the second quarter worth $40,000. Sterneck Capital Management LLC boosted its position in Invesco Financial Preferred ETF by 3.0% during the third quarter. Sterneck Capital Management LLC now owns 92,245 shares of the exchange traded fund’s stock worth $1,445,000 after purchasing an additional 2,690 shares in the last quarter. Finally, Essex Financial Services Inc. grew its holdings in Invesco Financial Preferred ETF by 10.8% in the second quarter. Essex Financial Services Inc. now owns 15,203 shares of the exchange traded fund’s stock valued at $224,000 after purchasing an additional 1,479 shares during the last quarter.

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.