Invesco Financial Preferred ETF (NYSEARCA:PGF) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Invesco Financial Preferred ETF (NYSEARCA:PGF)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.35 and traded as low as $14.12. Invesco Financial Preferred ETF shares last traded at $14.15, with a volume of 258,288 shares changing hands.

Invesco Financial Preferred ETF Price Performance

The business’s fifty day moving average price is $14.48 and its two-hundred day moving average price is $14.35.

Hedge Funds Weigh In On Invesco Financial Preferred ETF

A number of large investors have recently made changes to their positions in PGF. UBS Group AG lifted its holdings in shares of Invesco Financial Preferred ETF by 26.0% during 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 purchasing an additional 289,564 shares during the last quarter. LPL Financial LLC increased its position in Invesco Financial Preferred ETF by 4.2% during the 1st quarter. LPL Financial LLC now owns 1,241,815 shares of the exchange traded fund’s stock valued at $17,733,000 after buying an additional 50,077 shares in the last quarter. Bank of America Corp DE raised its stake in 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 buying an additional 64,090 shares during the last quarter. Investors Research Corp raised its stake in Invesco Financial Preferred ETF by 7.9% in the third quarter. Investors Research Corp now owns 297,084 shares of the exchange traded fund’s stock valued at $4,343,000 after buying an additional 21,820 shares during the last quarter. Finally, Signal Advisors Wealth LLC boosted its holdings in Invesco Financial Preferred ETF by 20.3% in the third quarter. Signal Advisors Wealth LLC now owns 214,089 shares of the exchange traded fund’s stock worth $3,130,000 after acquiring an additional 36,170 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.