Invesco Financial Preferred ETF (NYSEARCA:PGF) Sees Strong Trading Volume – What’s Next?
by Amy Steele · The Cerbat GemInvesco Financial Preferred ETF (NYSEARCA:PGF – Get Free Report) saw strong trading volume on Friday . 1,581,667 shares traded hands during trading, an increase of 942% from the previous session’s volume of 151,836 shares.The stock last traded at $14.2550 and had previously closed at $14.25.
Invesco Financial Preferred ETF Stock Up 0.1%
The stock’s fifty day moving average price is $14.23 and its 200-day moving average price is $14.38.
Institutional Investors Weigh In On Invesco Financial Preferred ETF
Institutional investors and hedge funds have recently made changes to their positions in the business. UBS Group AG grew its stake in Invesco Financial Preferred ETF by 26.0% in the 3rd quarter. UBS Group AG now owns 1,401,504 shares of the exchange traded fund’s stock valued at $20,490,000 after acquiring an additional 289,564 shares during the last quarter. Bank of America Corp DE grew its position in shares of Invesco Financial Preferred ETF by 9.5% in the third quarter. Bank of America Corp DE now owns 740,240 shares of the exchange traded fund’s stock valued at $10,822,000 after purchasing an additional 64,090 shares during the last quarter. Investors Research Corp increased its stake in shares of Invesco Financial Preferred ETF by 8.7% during the 4th quarter. Investors Research Corp now owns 322,794 shares of the exchange traded fund’s stock worth $4,564,000 after purchasing an additional 25,710 shares in the last quarter. Signal Advisors Wealth LLC raised its position in shares of Invesco Financial Preferred ETF by 20.3% during the 3rd quarter. Signal Advisors Wealth LLC now owns 214,089 shares of the exchange traded fund’s stock worth $3,130,000 after purchasing an additional 36,170 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in Invesco Financial Preferred ETF by 1.8% in the 1st quarter. Royal Bank of Canada now owns 140,584 shares of the exchange traded fund’s stock valued at $2,009,000 after buying an additional 2,460 shares in the last quarter.
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. The Fund normally invests at least 90% of its total assets in preferred securities that consists of the Index. The Fund may contain securities in the financial and insurance sectors.