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

Invesco Financial Preferred ETF (NYSEARCA:PGF) reached a new 52-week low during trading on Monday . The stock traded as low as $14.35 and last traded at $14.41, with a volume of 130339 shares trading hands. The stock had previously closed at $14.40.

Invesco Financial Preferred ETF Stock Performance

The company’s 50-day moving average price is $15.10 and its 200 day moving average price is $15.18.

Hedge Funds Weigh In On Invesco Financial Preferred ETF

Institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new stake in Invesco Financial Preferred ETF in the 2nd quarter worth approximately $40,000. Commonwealth Equity Services LLC raised its position in shares of Invesco Financial Preferred ETF by 1.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 111,953 shares of the exchange traded fund’s stock valued at $1,649,000 after purchasing an additional 1,751 shares during the period. Essex Financial Services Inc. lifted its stake in shares of 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 in the last quarter. Avory & Company LLC boosted its holdings in Invesco Financial Preferred ETF by 15.7% in the 2nd quarter. Avory & Company LLC now owns 54,993 shares of the exchange traded fund’s stock worth $810,000 after buying an additional 7,454 shares during the period. Finally, Magnus Financial Group LLC increased its stake in Invesco Financial Preferred ETF by 1.6% in the 2nd quarter. Magnus Financial Group LLC now owns 77,690 shares of the exchange traded fund’s stock worth $1,144,000 after buying an additional 1,217 shares in 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.