Invesco Financial Preferred ETF (NYSEARCA:PGF) Sets New 12-Month Low – Time to Sell?

Invesco Financial Preferred ETF (NYSEARCA:PGF)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $14.25 and last traded at $14.29, with a volume of 27988 shares trading hands. The stock had previously closed at $14.28.

Invesco Financial Preferred ETF Price Performance

The company has a 50-day moving average of $14.69 and a 200-day moving average of $15.02.

Invesco Financial Preferred ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.0651 per share. The ex-dividend date was Monday, March 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PGF. JPMorgan Chase & Co. grew its position in shares of Invesco Financial Preferred ETF by 11.7% in the 4th quarter. JPMorgan Chase & Co. now owns 975,027 shares of the exchange traded fund’s stock valued at $14,187,000 after acquiring an additional 101,779 shares during the period. Wells Fargo & Company MN increased its position in Invesco Financial Preferred ETF by 3.2% during the 4th quarter. Wells Fargo & Company MN now owns 786,813 shares of the exchange traded fund’s stock worth $11,448,000 after buying an additional 24,526 shares during the period. Evoke Wealth LLC grew its position in shares of Invesco Financial Preferred ETF by 3.7% during the 4th quarter. Evoke Wealth LLC now owns 304,703 shares of the exchange traded fund’s stock worth $4,433,000 after purchasing an additional 10,877 shares in the last quarter. Investors Research Corp boosted its stake in shares of Invesco Financial Preferred ETF by 15.3% in the fourth quarter. Investors Research Corp now owns 207,910 shares of the exchange traded fund’s stock valued at $3,025,000 after buying an additional 27,511 shares during the period. Finally, Orion Portfolio Solutions LLC bought a new stake in shares of Invesco Financial Preferred ETF during the 4th quarter valued at $2,693,000.

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.