Invesco Financial Preferred ETF (NYSEARCA:PGF) Reaches New 52-Week Low – What’s Next?

Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $13.35 and last traded at $13.36, with a volume of 6254 shares traded. The stock had previously closed at $13.43.

Invesco Financial Preferred ETF Price Performance

The company has a 50 day moving average price of $13.64 and a 200 day moving average price of $13.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cim LLC grew its stake in Invesco Financial Preferred ETF by 3.5% during the first quarter. Cim LLC now owns 28,491 shares of the exchange traded fund’s stock valued at $392,000 after acquiring an additional 969 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco Financial Preferred ETF by 10.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 14,479 shares of the exchange traded fund’s stock worth $205,000 after acquiring an additional 1,334 shares during the period. Truist Financial Corp lifted its stake in Invesco Financial Preferred ETF by 6.5% in the 4th quarter. Truist Financial Corp now owns 25,177 shares of the exchange traded fund’s stock worth $356,000 after purchasing an additional 1,540 shares in the last quarter. HF Advisory Group LLC lifted its stake in Invesco Financial Preferred ETF by 6.7% in the 2nd quarter. HF Advisory Group LLC now owns 25,438 shares of the exchange traded fund’s stock worth $349,000 after purchasing an additional 1,589 shares in the last quarter. Finally, Aptus Capital Advisors LLC boosted its holdings in Invesco Financial Preferred ETF by 19.2% in the 4th quarter. Aptus Capital Advisors LLC now owns 10,234 shares of the exchange traded fund’s stock valued at $145,000 after purchasing an additional 1,649 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. 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.