Invesco Financial Preferred ETF (NYSEARCA:PGF) Sets New 1-Year Low – Here’s Why

Invesco Financial Preferred ETF (NYSEARCA:PGF)’s share price reached a new 52-week low on Monday . The stock traded as low as $13.67 and last traded at $13.75, with a volume of 276411 shares. The stock had previously closed at $14.07.

Invesco Financial Preferred ETF Trading Down 1.3 %

The stock’s 50-day simple moving average is $14.64 and its 200 day simple moving average is $14.98.

Invesco Financial Preferred ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.0651 dividend. The ex-dividend date was Monday, March 24th.

Hedge Funds Weigh In On Invesco Financial Preferred ETF

A number of large investors have recently made changes to their positions in PGF. Captrust Financial Advisors raised its stake in Invesco Financial Preferred ETF by 1.7% in the 3rd quarter. Captrust Financial Advisors now owns 45,022 shares of the exchange traded fund’s stock worth $705,000 after purchasing an additional 752 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Invesco Financial Preferred ETF by 5.9% in the third quarter. HighTower Advisors LLC now owns 74,910 shares of the exchange traded fund’s stock valued at $1,174,000 after buying an additional 4,149 shares during the period. MML Investors Services LLC grew its position in Invesco Financial Preferred ETF by 3.6% during the third quarter. MML Investors Services LLC now owns 69,144 shares of the exchange traded fund’s stock worth $1,083,000 after buying an additional 2,409 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Invesco Financial Preferred ETF by 23,087.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 873,248 shares of the exchange traded fund’s stock worth $13,675,000 after acquiring an additional 869,482 shares during the period. Finally, Sterneck Capital Management LLC raised its holdings in Invesco Financial Preferred ETF by 27.0% in the 4th quarter. Sterneck Capital Management LLC now owns 117,173 shares of the exchange traded fund’s stock valued at $1,705,000 after acquiring an additional 24,928 shares in 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.