Invesco Financial Preferred ETF (NYSEARCA:PGF) Shares Pass Below 200-Day Moving Average – Should You Sell?

Invesco Financial Preferred ETF (NYSEARCA:PGF)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.42 and traded as low as $14.33. Invesco Financial Preferred ETF shares last traded at $14.33, with a volume of 140,283 shares traded.

Invesco Financial Preferred ETF Stock Down 1.0%

The business’s fifty day moving average price is $14.29 and its 200 day moving average price is $14.42.

Invesco Financial Preferred ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 23rd will be paid a dividend of $0.0644 per share. The ex-dividend date of this dividend is Monday, February 23rd. This represents a c) annualized dividend and a yield of 5.4%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG increased its holdings in shares of Invesco Financial Preferred ETF by 26.0% in the third quarter. UBS Group AG now owns 1,401,504 shares of the exchange traded fund’s stock valued at $20,490,000 after purchasing an additional 289,564 shares during the period. Bank of America Corp DE grew its position in Invesco Financial Preferred ETF by 9.5% in the 3rd quarter. Bank of America Corp DE now owns 740,240 shares of the exchange traded fund’s stock valued at $10,822,000 after buying an additional 64,090 shares during the last quarter. Private Advisor Group LLC grew its position in Invesco Financial Preferred ETF by 1.1% in the 4th quarter. Private Advisor Group LLC now owns 342,877 shares of the exchange traded fund’s stock valued at $4,848,000 after buying an additional 3,852 shares during the last quarter. Evoke Wealth LLC increased its stake in Invesco Financial Preferred ETF by 4.9% in the 4th quarter. Evoke Wealth LLC now owns 334,076 shares of the exchange traded fund’s stock valued at $4,724,000 after buying an additional 15,752 shares during the period. Finally, Investors Research Corp raised 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 buying an additional 25,710 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.