Invesco Financial Preferred ETF (NYSEARCA:PGF) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Invesco Financial Preferred ETF (NYSEARCA:PGF) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.38 and traded as low as $13.83. Invesco Financial Preferred ETF shares last traded at $13.87, with a volume of 117,127 shares changing hands.

Invesco Financial Preferred ETF Price Performance

The company’s 50-day simple moving average is $14.29 and its two-hundred day simple moving average is $14.38.

Invesco Financial Preferred ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given a $0.0644 dividend. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Monday, February 23rd.

Hedge Funds Weigh In On Invesco Financial Preferred ETF

Hedge funds have recently modified their holdings of the stock. HF Advisory Group LLC grew its stake in shares of Invesco Financial Preferred ETF by 5.2% in the 3rd quarter. HF Advisory Group LLC now owns 22,185 shares of the exchange traded fund’s stock valued at $324,000 after purchasing an additional 1,106 shares during the last quarter. Field & Main Bank raised its stake in shares of Invesco Financial Preferred ETF by 1.1% during the third quarter. Field & Main Bank now owns 108,008 shares of the exchange traded fund’s stock worth $1,579,000 after purchasing an additional 1,156 shares during the last quarter. Private Trust Co. NA raised its stake in shares of Invesco Financial Preferred ETF by 11.4% during the fourth quarter. Private Trust Co. NA now owns 12,620 shares of the exchange traded fund’s stock worth $178,000 after purchasing an additional 1,290 shares during the last quarter. Magnus Financial Group LLC lifted its holdings in shares of Invesco Financial Preferred ETF by 1.6% during the third quarter. Magnus Financial Group LLC now owns 83,803 shares of the exchange traded fund’s stock worth $1,225,000 after purchasing an additional 1,294 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in Invesco Financial Preferred ETF by 10.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 14,479 shares of the exchange traded fund’s stock valued at $205,000 after buying an additional 1,334 shares during the last quarter.

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.