Invesco Financial Preferred ETF (NYSEARCA:PGF) Shares Cross Above 50-Day Moving Average – Time to Sell?

Invesco Financial Preferred ETF (NYSEARCA:PGF) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $14.22 and traded as high as $14.42. Invesco Financial Preferred ETF shares last traded at $14.42, with a volume of 133,187 shares.

Invesco Financial Preferred ETF Trading Up 0.2%

The business’s fifty day simple moving average is $14.22 and its two-hundred day simple moving average is $14.40.

Invesco Financial Preferred ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were given a $0.0818 dividend. This is a boost from Invesco Financial Preferred ETF’s previous monthly dividend of $0.07. The ex-dividend date was Tuesday, January 20th. This represents a c) annualized dividend and a yield of 6.8%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PGF. UBS Group AG raised its position in 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 worth $20,490,000 after buying an additional 289,564 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Invesco Financial Preferred ETF by 9.5% during the third quarter. Bank of America Corp DE now owns 740,240 shares of the exchange traded fund’s stock worth $10,822,000 after acquiring an additional 64,090 shares during the period. Investors Research Corp increased its stake in shares of Invesco Financial Preferred ETF by 8.7% during the fourth quarter. Investors Research Corp now owns 322,794 shares of the exchange traded fund’s stock worth $4,564,000 after acquiring an additional 25,710 shares during the period. Signal Advisors Wealth LLC raised its holdings in Invesco Financial Preferred ETF by 14.0% during the fourth quarter. Signal Advisors Wealth LLC now owns 244,105 shares of the exchange traded fund’s stock worth $3,452,000 after purchasing an additional 30,016 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in Invesco Financial Preferred ETF by 1.8% in the first quarter. Royal Bank of Canada now owns 140,584 shares of the exchange traded fund’s stock valued at $2,009,000 after purchasing an additional 2,460 shares during the period.

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.