Invesco Financial Preferred ETF (NYSEARCA:PGF) Shares Pass Below 200-Day Moving Average – Should You Sell?

Invesco Financial Preferred ETF (NYSEARCA:PGF)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.42 and traded as low as $14.33. Invesco Financial Preferred ETF shares last traded at $14.33, with a volume of 140,283 shares traded.

Invesco Financial Preferred ETF Stock Down 1.0%

The stock’s 50 day moving average is $14.29 and its 200 day moving average is $14.42.

Invesco Financial Preferred ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 23rd will be given a $0.0644 dividend. The ex-dividend date is Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 5.4%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Invesco Financial Preferred ETF by 73.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 91,659 shares of the exchange traded fund’s stock worth $1,349,000 after purchasing an additional 38,880 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in shares of Invesco Financial Preferred ETF in the second quarter valued at approximately $146,000. Signal Advisors Wealth LLC raised its position in shares of 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 valued at $3,130,000 after buying an additional 36,170 shares during the last quarter. Motco purchased a new position in shares of Invesco Financial Preferred ETF during the second quarter valued at approximately $39,000. Finally, Lord & Richards Wealth Management LLC lifted its stake in shares of Invesco Financial Preferred ETF by 127.5% during the second quarter. Lord & Richards Wealth Management LLC now owns 83,216 shares of the exchange traded fund’s stock valued at $1,174,000 after buying an additional 46,636 shares during the period.

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. 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.