Invesco Financial Preferred ETF (NYSEARCA:PGF) Sees Strong Trading Volume – Here’s Why

Invesco Financial Preferred ETF (NYSEARCA:PGF) shares saw unusually-high trading volume on Wednesday . Approximately 199,530 shares were traded during trading, an increase of 37% from the previous session’s volume of 145,181 shares.The stock last traded at $13.44 and had previously closed at $13.37.

Invesco Financial Preferred ETF Price Performance

The firm has a 50 day simple moving average of $13.66 and a 200-day simple moving average of $13.92.

Institutional Investors Weigh In On Invesco Financial Preferred ETF

Large investors have recently added to or reduced their stakes in the business. Compass Financial Management LLC bought a new position in Invesco Financial Preferred ETF during the second quarter worth $27,000. Bayban bought a new position in shares of Invesco Financial Preferred ETF in the fourth quarter valued at about $55,000. Motiv8 Investments LLC acquired a new stake in shares of Invesco Financial Preferred ETF during the 4th quarter worth about $99,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Invesco Financial Preferred ETF during the 1st quarter worth about $100,000. Finally, Advisory Services Network LLC bought a new stake in shares of Invesco Financial Preferred ETF during the 3rd quarter worth about $121,000.

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.