Invesco Financial Preferred ETF (NYSEARCA:PGF) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Invesco Financial Preferred ETF (NYSEARCA:PGF) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.03 and traded as low as $13.62. Invesco Financial Preferred ETF shares last traded at $13.65, with a volume of 110,702 shares traded.

Invesco Financial Preferred ETF Trading Down 0.1%

The firm has a 50-day simple moving average of $13.77 and a 200-day simple moving average of $14.03.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PGF. UBS Group AG increased its stake 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 worth $20,490,000 after acquiring an additional 289,564 shares during the period. Bank of America Corp DE lifted its position in Invesco Financial Preferred ETF by 9.5% during the third quarter. Bank of America Corp DE now owns 740,240 shares of the exchange traded fund’s stock valued at $10,822,000 after purchasing an additional 64,090 shares during the period. Investors Research Corp boosted its holdings in Invesco Financial Preferred ETF by 7.4% in the second quarter. Investors Research Corp now owns 378,941 shares of the exchange traded fund’s stock valued at $5,195,000 after purchasing an additional 26,222 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Invesco Financial Preferred ETF by 1.1% in the fourth quarter. Private Advisor Group LLC now owns 342,877 shares of the exchange traded fund’s stock valued at $4,848,000 after purchasing an additional 3,852 shares during the last quarter. Finally, Evoke Wealth LLC grew its position in Invesco Financial Preferred ETF by 4.9% during the 4th quarter. Evoke Wealth LLC now owns 334,076 shares of the exchange traded fund’s stock worth $4,724,000 after purchasing an additional 15,752 shares during the period.

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.