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

Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $13.34 and last traded at $13.37, with a volume of 6940 shares changing hands. The stock had previously closed at $13.38.

Invesco Financial Preferred ETF Trading Down 0.1%

The business’s fifty day moving average price is $13.58 and its 200 day moving average price is $13.85.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Compass Financial Management LLC bought a new stake in shares of Invesco Financial Preferred ETF in the 2nd quarter valued at approximately $27,000. Bayban bought a new position in shares of Invesco Financial Preferred ETF during the 4th quarter worth approximately $55,000. Motiv8 Investments LLC bought a new position in shares of Invesco Financial Preferred ETF during the 4th quarter worth approximately $99,000. Cassaday & Co Wealth Management LLC acquired a new stake in Invesco Financial Preferred ETF in the 1st quarter valued at $100,000. Finally, Advisory Services Network LLC acquired a new stake in Invesco Financial Preferred ETF in the 3rd quarter valued at $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.