Invesco Financial Preferred ETF (NYSEARCA:PGF) Sees Unusually-High Trading Volume – Here’s Why

Invesco Financial Preferred ETF (NYSEARCA:PGF) shares saw unusually-high trading volume on Tuesday . Approximately 317,441 shares were traded during mid-day trading, an increase of 64% from the previous session’s volume of 193,687 shares.The stock last traded at $14.53 and had previously closed at $14.52.

Invesco Financial Preferred ETF Stock Performance

The business’s 50 day simple moving average is $15.08 and its two-hundred day simple moving average is $15.18.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PGF. Cim LLC increased its position in Invesco Financial Preferred ETF by 2.6% in the 2nd quarter. Cim LLC now owns 406,390 shares of the exchange traded fund’s stock valued at $6,279,000 after acquiring an additional 10,263 shares during the period. International Assets Investment Management LLC acquired a new stake in Invesco Financial Preferred ETF in the second quarter valued at $40,000. Sterneck Capital Management LLC raised its position in Invesco Financial Preferred ETF by 3.0% during the 3rd quarter. Sterneck Capital Management LLC now owns 92,245 shares of the exchange traded fund’s stock worth $1,445,000 after purchasing an additional 2,690 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in Invesco Financial Preferred ETF during the 3rd quarter worth about $72,000. Finally, Captrust Financial Advisors grew its position in shares of Invesco Financial Preferred ETF by 1.7% in the 3rd quarter. Captrust Financial Advisors now owns 45,022 shares of the exchange traded fund’s stock valued at $705,000 after buying an additional 752 shares during 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.