Invesco Financial Preferred ETF (NYSEARCA:PGF) Sees Strong Trading Volume – Here’s Why

Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) saw strong trading volume on Tuesday . 317,441 shares traded hands during trading, an increase of 64% from the previous session’s volume of 193,687 shares.The stock last traded at $14.53 and had previously closed at $14.52.

Invesco Financial Preferred ETF Price Performance

The firm’s 50 day moving average price is $15.08 and its two-hundred day moving average price is $15.18.

Institutional Investors Weigh In On Invesco Financial Preferred ETF

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in shares of Invesco Financial Preferred ETF in the 3rd quarter worth approximately $33,000. International Assets Investment Management LLC purchased a new position in shares of Invesco Financial Preferred ETF in the second quarter worth about $40,000. Avior Wealth Management LLC lifted its stake in shares of Invesco Financial Preferred ETF by 305.7% in the 3rd quarter. Avior Wealth Management LLC now owns 3,006 shares of the exchange traded fund’s stock valued at $47,000 after acquiring an additional 2,265 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Invesco Financial Preferred ETF during the 2nd quarter valued at about $52,000. Finally, Farther Finance Advisors LLC bought a new position in Invesco Financial Preferred ETF during the 3rd quarter worth approximately $72,000.

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.