Invesco Financial Preferred ETF (NYSEARCA:PGF) Reaches New 1-Year Low – Should You Sell?

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

Invesco Financial Preferred ETF Trading Up 0.2 %

The stock’s fifty day moving average is $14.69 and its two-hundred day moving average is $15.02.

Invesco Financial Preferred ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.0651 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Hedge Funds Weigh In On Invesco Financial Preferred ETF

A number of hedge funds have recently bought and sold shares of PGF. McClarren Financial Advisors Inc. lifted its position in Invesco Financial Preferred ETF by 14,226.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 2,149 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 2,134 shares during the last quarter. Promus Capital LLC acquired a new position in Invesco Financial Preferred ETF during the 4th quarter worth $31,000. Allworth Financial LP grew its stake in shares of 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 purchasing an additional 2,661 shares in the last quarter. Vision Financial Markets LLC acquired a new position in shares of Invesco Financial Preferred ETF during the fourth quarter valued at $58,000. Finally, Principal Securities Inc. raised its stake in shares of Invesco Financial Preferred ETF by 36.6% during the fourth quarter. Principal Securities Inc. now owns 5,598 shares of the exchange traded fund’s stock valued at $81,000 after purchasing an additional 1,500 shares in the last quarter.

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.