Invesco Financial Preferred ETF (NYSEARCA:PGF) Sets New 12-Month Low – Here’s What Happened

Invesco Financial Preferred ETF (NYSEARCA:PGF) reached a new 52-week low during trading on Tuesday . The stock traded as low as $13.64 and last traded at $13.64, with a volume of 224 shares traded. The stock had previously closed at $13.68.

Invesco Financial Preferred ETF Stock Performance

The stock’s 50-day moving average is $13.92 and its 200 day moving average is $14.10.

Hedge Funds Weigh In On Invesco Financial Preferred ETF

A number of large investors have recently made changes to their positions in the business. Cim LLC boosted its position in shares of Invesco Financial Preferred ETF by 3.5% in the 1st quarter. Cim LLC now owns 28,491 shares of the exchange traded fund’s stock worth $392,000 after purchasing an additional 969 shares in the last quarter. Private Trust Co. NA grew its stake in Invesco Financial Preferred ETF by 11.4% during the 4th quarter. Private Trust Co. NA now owns 12,620 shares of the exchange traded fund’s stock worth $178,000 after buying an additional 1,290 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Invesco Financial Preferred ETF by 10.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 14,479 shares of the exchange traded fund’s stock valued at $205,000 after buying an additional 1,334 shares in the last quarter. Magnus Financial Group LLC increased its position in Invesco Financial Preferred ETF by 1.6% during the 4th quarter. Magnus Financial Group LLC now owns 85,144 shares of the exchange traded fund’s stock valued at $1,204,000 after buying an additional 1,341 shares in the last quarter. Finally, Truist Financial Corp raised its stake in Invesco Financial Preferred ETF by 6.5% in the fourth quarter. Truist Financial Corp now owns 25,177 shares of the exchange traded fund’s stock valued at $356,000 after buying an additional 1,540 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.