Invesco Financial Preferred ETF (NYSEARCA:PGF) Stock Passes Below 200-Day Moving Average – Here’s Why

Invesco Financial Preferred ETF (NYSEARCA:PGF)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.41 and traded as low as $14.24. Invesco Financial Preferred ETF shares last traded at $14.27, with a volume of 82,534 shares.

Invesco Financial Preferred ETF Price Performance

The stock’s fifty day simple moving average is $14.25 and its two-hundred day simple moving average is $14.41.

Invesco Financial Preferred ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were given a $0.0818 dividend. This represents a c) annualized dividend and a yield of 6.9%. This is a positive change from Invesco Financial Preferred ETF’s previous monthly dividend of $0.07. The ex-dividend date was Tuesday, January 20th.

Institutional Investors Weigh In On Invesco Financial Preferred ETF

Several large investors have recently modified their holdings of PGF. Nvwm LLC purchased a new stake in shares of Invesco Financial Preferred ETF during the second quarter valued at $34,000. Motco acquired a new stake in Invesco Financial Preferred ETF during the 2nd quarter worth about $39,000. Flagship Harbor Advisors LLC purchased a new stake in Invesco Financial Preferred ETF during the fourth quarter valued at about $40,000. Advisory Services Network LLC purchased a new stake in Invesco Financial Preferred ETF during the third quarter valued at about $121,000. Finally, Avion Wealth acquired a new position in shares of Invesco Financial Preferred ETF in the second quarter worth about $127,000.

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.