Invesco Financial Preferred ETF (NYSEARCA:PGF) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Invesco Financial Preferred ETF (NYSEARCA:PGF)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $14.22 and traded as high as $14.42. Invesco Financial Preferred ETF shares last traded at $14.42, with a volume of 133,187 shares changing hands.

Invesco Financial Preferred ETF Price Performance

The business has a 50-day simple moving average of $14.22 and a 200-day simple moving average of $14.40.

Invesco Financial Preferred ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were paid a dividend of $0.0818 per share. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend was Tuesday, January 20th. This is a positive change from Invesco Financial Preferred ETF’s previous monthly dividend of $0.07.

Institutional Trading of Invesco Financial Preferred ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Nvwm LLC acquired a new stake in shares of Invesco Financial Preferred ETF in the second quarter valued at $34,000. Motco acquired a new position in shares of Invesco Financial Preferred ETF during the second quarter worth about $39,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Invesco Financial Preferred ETF during the fourth quarter worth approximately $40,000. Rogco LP raised its holdings in 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 acquiring an additional 2,158 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Invesco Financial Preferred ETF in the second quarter valued at approximately $84,000.

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. 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.