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

Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $14.30 and last traded at $14.35, with a volume of 66235 shares traded. The stock had previously closed at $14.38.

Invesco Financial Preferred ETF Trading Up 0.7 %

The stock’s 50-day moving average is $14.91 and its 200-day moving average is $15.16.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC acquired a new stake in Invesco Financial Preferred ETF during the 3rd quarter worth approximately $33,000. Avior Wealth Management LLC lifted its holdings in shares of Invesco Financial Preferred ETF by 305.7% during the third quarter. Avior Wealth Management LLC now owns 3,006 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 2,265 shares during the period. Farther Finance Advisors LLC bought a new stake in shares of Invesco Financial Preferred ETF in the third quarter worth $72,000. City Center Advisors LLC bought a new stake in shares of Invesco Financial Preferred ETF in the fourth quarter worth $147,000. Finally, Pinnacle Associates Ltd. acquired a new stake in Invesco Financial Preferred ETF in the third quarter valued at $157,000.

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.