Essex Financial Services Inc. Takes Position in Invesco Financial Preferred ETF (NYSEARCA:PGF)

Essex Financial Services Inc. bought a new stake in Invesco Financial Preferred ETF (NYSEARCA:PGF) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 10,263 shares of the exchange traded fund’s stock, valued at approximately $149,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in shares of Invesco Financial Preferred ETF during the third quarter valued at approximately $33,000. Avior Wealth Management LLC boosted its position in Invesco Financial Preferred ETF by 305.7% during the 3rd quarter. Avior Wealth Management LLC now owns 3,006 shares of the exchange traded fund’s stock valued at $47,000 after buying an additional 2,265 shares during the period. Farther Finance Advisors LLC bought a new stake in Invesco Financial Preferred ETF in the 3rd quarter worth $72,000. Financial Insights Inc. purchased a new position in shares of Invesco Financial Preferred ETF in the third quarter valued at about $157,000. Finally, City Center Advisors LLC bought a new position in shares of Invesco Financial Preferred ETF during the fourth quarter valued at about $147,000.

Invesco Financial Preferred ETF Price Performance

NYSEARCA PGF opened at $14.83 on Friday. Invesco Financial Preferred ETF has a 1 year low of $14.25 and a 1 year high of $15.95. The business’s 50-day moving average is $14.72 and its 200 day moving average is $15.13.

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.