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

Invesco Financial Preferred ETF (NYSEARCA:PGF) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $13.28 and last traded at $13.2870, with a volume of 110328 shares. The stock had previously closed at $13.30.

Invesco Financial Preferred ETF Stock Down 0.1%

The stock has a 50 day moving average of $13.56 and a two-hundred day moving average of $13.83.

Hedge Funds Weigh In On Invesco Financial Preferred ETF

Institutional investors have recently modified their holdings of the company. Compass Financial Management LLC acquired a new stake in Invesco Financial Preferred ETF in the 2nd quarter valued at $27,000. Bayban acquired a new position in Invesco Financial Preferred ETF during the fourth quarter worth $55,000. Motiv8 Investments LLC bought a new position in shares of Invesco Financial Preferred ETF during the fourth quarter valued at $99,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Invesco Financial Preferred ETF during the first quarter valued at $100,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Invesco Financial Preferred ETF in the 3rd quarter valued at $121,000.

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.