Invesco Financial Preferred ETF (NYSEARCA:PGF) Sees Unusually-High Trading Volume

Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) saw strong trading volume on Friday . 202,448 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 175,136 shares.The stock last traded at $15.86 and had previously closed at $15.84.

Invesco Financial Preferred ETF Stock Down 0.1 %

The stock’s fifty day moving average price is $15.26 and its 200 day moving average price is $15.00.

Hedge Funds Weigh In On Invesco Financial Preferred ETF

A number of institutional investors have recently made changes to their positions in the stock. Gould Asset Management LLC CA grew its holdings in shares of Invesco Financial Preferred ETF by 2.4% during the 1st quarter. Gould Asset Management LLC CA now owns 31,520 shares of the exchange traded fund’s stock valued at $480,000 after purchasing an additional 745 shares during the last quarter. Integrated Advisors Network LLC grew its holdings in shares of Invesco Financial Preferred ETF by 1.0% during the 4th quarter. Integrated Advisors Network LLC now owns 101,218 shares of the exchange traded fund’s stock valued at $1,476,000 after purchasing an additional 959 shares during the last quarter. Magnus Financial Group LLC grew its holdings in shares of Invesco Financial Preferred ETF by 1.6% during the 2nd quarter. Magnus Financial Group LLC now owns 77,690 shares of the exchange traded fund’s stock valued at $1,144,000 after purchasing an additional 1,217 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Invesco Financial Preferred ETF by 7.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 17,334 shares of the exchange traded fund’s stock valued at $255,000 after purchasing an additional 1,247 shares during the last quarter. Finally, Essex Financial Services Inc. boosted its position in Invesco Financial Preferred ETF by 10.8% during the 2nd quarter. Essex Financial Services Inc. now owns 15,203 shares of the exchange traded fund’s stock valued at $224,000 after buying an additional 1,479 shares during the period.

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.