Invesco Financial Preferred ETF (NYSEARCA:PGF) Sees Strong Trading Volume – Here’s Why

Invesco Financial Preferred ETF (NYSEARCA:PGF) shares saw unusually-strong trading volume on Friday . Approximately 1,581,667 shares traded hands during trading, an increase of 942% from the previous session’s volume of 151,836 shares.The stock last traded at $14.2550 and had previously closed at $14.25.

Invesco Financial Preferred ETF Stock Up 0.2%

The company has a fifty day moving average price of $14.22 and a two-hundred day moving average price of $14.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Invesco Financial Preferred ETF by 37.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 125,850 shares of the exchange traded fund’s stock worth $1,793,000 after buying an additional 34,191 shares during the period. Magnus Financial Group LLC raised its stake in Invesco Financial Preferred ETF by 1.6% during the 4th quarter. Magnus Financial Group LLC now owns 85,144 shares of the exchange traded fund’s stock valued at $1,204,000 after acquiring an additional 1,341 shares during the last quarter. Investors Research Corp lifted its position in Invesco Financial Preferred ETF by 8.7% during the 4th quarter. Investors Research Corp now owns 322,794 shares of the exchange traded fund’s stock worth $4,564,000 after acquiring an additional 25,710 shares during the period. City Center Advisors LLC grew its stake in shares of Invesco Financial Preferred ETF by 14.5% in the 4th quarter. City Center Advisors LLC now owns 12,255 shares of the exchange traded fund’s stock valued at $173,000 after purchasing an additional 1,556 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Invesco Financial Preferred ETF in the third quarter valued at approximately $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.