Invesco Financial Preferred ETF (NYSEARCA:PGF) Share Price Passes Above 50 Day Moving Average – Here’s Why

Invesco Financial Preferred ETF (NYSEARCA:PGF) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $14.24 and traded as high as $14.33. Invesco Financial Preferred ETF shares last traded at $14.28, with a volume of 245,462 shares.

Invesco Financial Preferred ETF Stock Down 0.1%

The company has a fifty day moving average of $14.24 and a two-hundred day moving average of $14.38.

Institutional Trading of Invesco Financial Preferred ETF

Several large investors have recently modified their holdings of the company. Nvwm LLC acquired a new position in Invesco Financial Preferred ETF in the 2nd quarter valued at $34,000. Motco bought a new stake in Invesco Financial Preferred ETF during the second quarter valued at about $39,000. Rogco LP grew its position in shares of Invesco Financial Preferred ETF by 147.7% in the second quarter. Rogco LP now owns 3,619 shares of the exchange traded fund’s stock valued at $51,000 after purchasing an additional 2,158 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Invesco Financial Preferred ETF in the second quarter worth about $84,000. Finally, Advisory Services Network LLC bought a new position in shares of Invesco Financial Preferred ETF in the third quarter worth about $121,000.

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. 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.