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

Invesco Financial Preferred ETF (NYSEARCA:PGF) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.06 and traded as low as $13.68. Invesco Financial Preferred ETF shares last traded at $13.71, with a volume of 93,223 shares.

Invesco Financial Preferred ETF Stock Down 0.4%

The business’s fifty day simple moving average is $13.83 and its 200 day simple moving average is $14.06.

Institutional Trading of Invesco Financial Preferred ETF

Several large investors have recently made changes to their positions in PGF. UBS Group AG increased its position in Invesco Financial Preferred ETF by 26.0% in 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 buying an additional 289,564 shares in the last quarter. Bank of America Corp DE boosted its holdings 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 worth $10,822,000 after acquiring an additional 64,090 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Invesco Financial Preferred ETF by 1.1% in the fourth quarter. Private Advisor Group LLC now owns 342,877 shares of the exchange traded fund’s stock worth $4,848,000 after acquiring an additional 3,852 shares in the last quarter. Evoke Wealth LLC boosted its holdings in Invesco Financial Preferred ETF by 4.9% in the fourth quarter. Evoke Wealth LLC now owns 334,076 shares of the exchange traded fund’s stock worth $4,724,000 after acquiring an additional 15,752 shares in the last quarter. Finally, Investors Research Corp grew its stake in Invesco Financial Preferred ETF by 8.7% in the fourth quarter. Investors Research Corp now owns 322,794 shares of the exchange traded fund’s stock valued at $4,564,000 after acquiring an additional 25,710 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.