Invesco Financial Preferred ETF (NYSEARCA:PGF) Sets New 1-Year Low – Should You Sell?

Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) hit a new 52-week low on Tuesday . The stock traded as low as $13.50 and last traded at $13.55, with a volume of 5189 shares trading hands. The stock had previously closed at $13.56.

Invesco Financial Preferred ETF Stock Performance

The business has a 50 day moving average price of $13.74 and a two-hundred day moving average price of $14.01.

Institutional Investors Weigh In On Invesco Financial Preferred ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PGF. Flagship Harbor Advisors LLC bought a new stake in Invesco Financial Preferred ETF in the 4th quarter worth $40,000. Bayban purchased a new position in shares of Invesco Financial Preferred ETF in the fourth quarter valued at about $55,000. Motiv8 Investments LLC bought a new position in shares of Invesco Financial Preferred ETF during the fourth quarter valued at about $99,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Invesco Financial Preferred ETF during the first quarter valued at about $100,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Invesco Financial Preferred ETF during the third quarter worth about $121,000.

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. 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.