ProVise Management Group LLC Lowers Holdings in Invesco Financial Preferred ETF (NYSEARCA:PGF)

ProVise Management Group LLC trimmed its holdings in Invesco Financial Preferred ETF (NYSEARCA:PGF) by 10.3% in the 4th quarter, HoldingsChannel reports. The fund owned 26,042 shares of the exchange traded fund’s stock after selling 2,991 shares during the quarter. ProVise Management Group LLC’s holdings in Invesco Financial Preferred ETF were worth $379,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PGF. McClarren Financial Advisors Inc. grew its position in Invesco Financial Preferred ETF by 14,226.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 2,149 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 2,134 shares during the period. Promus Capital LLC purchased a new position in Invesco Financial Preferred ETF in the fourth quarter worth approximately $31,000. Allworth Financial LP grew its position in Invesco Financial Preferred ETF by 967.6% in the fourth quarter. Allworth Financial LP now owns 2,936 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 2,661 shares during the period. Avior Wealth Management LLC grew its position in Invesco Financial Preferred ETF by 305.7% in the third quarter. Avior Wealth Management LLC now owns 3,006 shares of the exchange traded fund’s stock worth $47,000 after acquiring an additional 2,265 shares during the period. Finally, Vision Financial Markets LLC purchased a new position in Invesco Financial Preferred ETF in the fourth quarter worth approximately $58,000.

Invesco Financial Preferred ETF Trading Up 0.1 %

Shares of Invesco Financial Preferred ETF stock opened at $14.70 on Thursday. The stock has a 50 day moving average of $14.70 and a 200 day moving average of $15.08. Invesco Financial Preferred ETF has a fifty-two week low of $14.25 and a fifty-two week high of $15.95.

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.