Invesco Financial Preferred ETF (NYSEARCA:PGF) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Invesco Financial Preferred ETF (NYSEARCA:PGF) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.03 and traded as low as $13.62. Invesco Financial Preferred ETF shares last traded at $13.65, with a volume of 110,702 shares.

Invesco Financial Preferred ETF Stock Down 0.1%

The firm’s 50 day moving average is $13.77 and its 200-day moving average is $14.03.

Institutional Trading of Invesco Financial Preferred ETF

A number of institutional investors have recently made changes to their positions in PGF. Investors Research Corp boosted its position in Invesco Financial Preferred ETF by 7.4% during the second quarter. Investors Research Corp now owns 378,941 shares of the exchange traded fund’s stock worth $5,195,000 after acquiring an additional 26,222 shares during the last quarter. HF Advisory Group LLC raised its holdings in Invesco Financial Preferred ETF by 6.7% in the 2nd quarter. HF Advisory Group LLC now owns 25,438 shares of the exchange traded fund’s stock valued at $349,000 after acquiring an additional 1,589 shares during the last quarter. City Center Advisors LLC lifted its stake in Invesco Financial Preferred ETF by 13.9% in the 2nd quarter. City Center Advisors LLC now owns 14,393 shares of the exchange traded fund’s stock worth $197,000 after purchasing an additional 1,761 shares in the last quarter. Cim LLC lifted its stake in Invesco Financial Preferred ETF by 3.5% in the 1st quarter. Cim LLC now owns 28,491 shares of the exchange traded fund’s stock worth $392,000 after purchasing an additional 969 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in Invesco Financial Preferred ETF by 13.2% in the 1st quarter. Royal Bank of Canada now owns 130,368 shares of the exchange traded fund’s stock worth $1,794,000 after purchasing an additional 15,208 shares in the last quarter.

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.