National Bank of Canada FI Reduces Stock Position in Invesco Financial Preferred ETF (NYSEARCA:PGF)

National Bank of Canada FI cut its stake in shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) by 48.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,873 shares of the exchange traded fund’s stock after selling 7,458 shares during the period. National Bank of Canada FI’s holdings in Invesco Financial Preferred ETF were worth $115,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in shares of Invesco Financial Preferred ETF in the second quarter worth approximately $40,000. Lynx Investment Advisory bought a new position in Invesco Financial Preferred ETF in the 2nd quarter worth $60,000. Principal Securities Inc. purchased a new position in Invesco Financial Preferred ETF during the fourth quarter valued at $77,000. Western Financial Corp CA purchased a new position in Invesco Financial Preferred ETF during the second quarter valued at $170,000. Finally, Essex Financial Services Inc. grew its holdings in Invesco Financial Preferred ETF by 10.8% during 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 period.

Invesco Financial Preferred ETF Stock Up 0.4 %

NYSEARCA PGF opened at $15.66 on Friday. Invesco Financial Preferred ETF has a 52 week low of $13.03 and a 52 week high of $15.67. The stock’s 50-day moving average price is $15.09 and its 200-day moving average price is $14.95.

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.