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

Invesco Financial Preferred ETF (NYSEARCA:PGF)’s share price reached a new 52-week low on Tuesday . The company traded as low as $13.64 and last traded at $13.64, with a volume of 224 shares traded. The stock had previously closed at $13.68.

Invesco Financial Preferred ETF Stock Up 0.1%

The firm has a 50 day moving average price of $13.90 and a 200-day moving average price of $14.09.

Hedge Funds Weigh In On Invesco Financial Preferred ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PGF. Cim LLC boosted its stake in shares of Invesco Financial Preferred ETF by 3.5% in the 1st quarter. Cim LLC now owns 28,491 shares of the exchange traded fund’s stock valued at $392,000 after buying an additional 969 shares during the period. Private Trust Co. NA raised its holdings in Invesco Financial Preferred ETF by 11.4% in the fourth quarter. Private Trust Co. NA now owns 12,620 shares of the exchange traded fund’s stock valued at $178,000 after acquiring an additional 1,290 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco Financial Preferred ETF by 10.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 14,479 shares of the exchange traded fund’s stock valued at $205,000 after acquiring an additional 1,334 shares in the last quarter. Magnus Financial Group LLC lifted its stake in Invesco Financial Preferred ETF by 1.6% in the fourth quarter. Magnus Financial Group LLC now owns 85,144 shares of the exchange traded fund’s stock worth $1,204,000 after acquiring an additional 1,341 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in Invesco Financial Preferred ETF by 6.5% in the fourth quarter. Truist Financial Corp now owns 25,177 shares of the exchange traded fund’s stock worth $356,000 after acquiring an additional 1,540 shares during the last quarter.

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.