Invesco Financial Preferred ETF (NYSEARCA:PGF) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Invesco Financial Preferred ETF (NYSEARCA:PGF)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.37 and traded as low as $14.20. Invesco Financial Preferred ETF shares last traded at $14.22, with a volume of 204,946 shares trading hands.

Invesco Financial Preferred ETF Stock Performance

The company’s 50-day simple moving average is $14.34 and its 200 day simple moving average is $14.37.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG grew its stake in shares of Invesco Financial Preferred ETF by 26.0% during the third 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 during the last quarter. Signal Advisors Wealth LLC boosted its holdings in Invesco Financial Preferred ETF by 73.8% during the 2nd quarter. Signal Advisors Wealth LLC now owns 177,919 shares of the exchange traded fund’s stock valued at $2,510,000 after acquiring an additional 75,558 shares during the period. Bank of America Corp DE grew its position in Invesco Financial Preferred ETF by 10.7% in the 2nd quarter. Bank of America Corp DE now owns 676,150 shares of the exchange traded fund’s stock valued at $9,540,000 after acquiring an additional 65,309 shares during the last quarter. Comerica Bank increased its stake in Invesco Financial Preferred ETF by 189.5% in the third quarter. Comerica Bank now owns 78,456 shares of the exchange traded fund’s stock worth $1,147,000 after purchasing an additional 51,360 shares during the period. Finally, Lord & Richards Wealth Management LLC lifted its position 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 worth $1,174,000 after purchasing an additional 46,636 shares during 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.