Envestnet Asset Management Inc. Cuts Stock Position in Invesco Financial Preferred ETF (NYSEARCA:PGF)

Envestnet Asset Management Inc. trimmed its holdings in shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) by 20.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,144 shares of the exchange traded fund’s stock after selling 14,373 shares during the period. Envestnet Asset Management Inc. owned 0.09% of Invesco Financial Preferred ETF worth $817,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PGF. McClarren Financial Advisors Inc. lifted its stake in shares of Invesco Financial Preferred ETF by 14,226.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 2,149 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 2,134 shares in the last quarter. Promus Capital LLC acquired a new position in Invesco Financial Preferred ETF during the 4th quarter worth approximately $31,000. Allworth Financial LP boosted its holdings in Invesco Financial Preferred ETF by 967.6% in the 4th quarter. Allworth Financial LP now owns 2,936 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 2,661 shares during the period. Vision Financial Markets LLC acquired a new stake in Invesco Financial Preferred ETF in the fourth quarter valued at approximately $58,000. Finally, Principal Securities Inc. grew its position in Invesco Financial Preferred ETF by 36.6% in the fourth quarter. Principal Securities Inc. now owns 5,598 shares of the exchange traded fund’s stock valued at $81,000 after acquiring an additional 1,500 shares in the last quarter.

Invesco Financial Preferred ETF Price Performance

NYSEARCA PGF opened at $14.08 on Friday. The company’s fifty day simple moving average is $14.29 and its 200-day simple moving average is $14.72. Invesco Financial Preferred ETF has a 52 week low of $13.62 and a 52 week high of $15.95.

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.