International Assets Investment Management LLC Invests $574,000 in Invesco Financial Preferred ETF (NYSEARCA:PGF)

International Assets Investment Management LLC acquired a new position in shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) during the 4th quarter, Holdings Channel.com reports. The firm acquired 39,378 shares of the exchange traded fund’s stock, valued at approximately $574,000.

Other hedge funds have also added to or reduced their stakes in the company. Register Financial Advisors LLC acquired a new stake in Invesco Financial Preferred ETF during the 4th quarter worth $28,000. IFP Advisors Inc raised its stake in Invesco Financial Preferred ETF by 95.3% during the 3rd quarter. IFP Advisors Inc now owns 3,952 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 1,928 shares during the period. CWM LLC raised its stake in Invesco Financial Preferred ETF by 172.7% during the 3rd quarter. CWM LLC now owns 4,737 shares of the exchange traded fund’s stock worth $67,000 after buying an additional 3,000 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of Invesco Financial Preferred ETF in the 4th quarter valued at about $83,000. Finally, Panoramic Investment Advisors LLC acquired a new stake in shares of Invesco Financial Preferred ETF in the 3rd quarter valued at about $192,000.

Invesco Financial Preferred ETF Price Performance

PGF opened at $14.73 on Thursday. The business’s 50-day moving average price is $15.05 and its two-hundred day moving average price is $14.59. Invesco Financial Preferred ETF has a 1 year low of $13.03 and a 1 year high of $15.38.

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.