Invesco Financial Preferred ETF (NYSEARCA:PGF) Sees Large Volume Increase – Should You Buy?

Invesco Financial Preferred ETF (NYSEARCA:PGF) saw an uptick in trading volume on Wednesday . Approximately 190,596 shares changed hands during trading, an increase of 24% from the previous session’s volume of 154,039 shares.The stock last traded at $13.1950 and had previously closed at $13.09.

Invesco Financial Preferred ETF Price Performance

The business has a fifty day moving average of $13.47 and a 200 day moving average of $13.76.

Institutional Investors Weigh In On Invesco Financial Preferred ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cim LLC boosted its stake in Invesco Financial Preferred ETF by 3.5% during the 1st quarter. Cim LLC now owns 28,491 shares of the exchange traded fund’s stock worth $392,000 after purchasing an additional 969 shares during the period. Truist Financial Corp increased its stake in Invesco Financial Preferred ETF by 6.5% in the fourth quarter. Truist Financial Corp now owns 25,177 shares of the exchange traded fund’s stock valued at $356,000 after purchasing an additional 1,540 shares during the period. HF Advisory Group LLC increased its stake in Invesco Financial Preferred ETF by 6.7% in the second quarter. HF Advisory Group LLC now owns 25,438 shares of the exchange traded fund’s stock valued at $349,000 after purchasing an additional 1,589 shares during the period. City Center Advisors LLC raised its holdings in shares of Invesco Financial Preferred ETF by 13.9% in the second quarter. City Center Advisors LLC now owns 14,393 shares of the exchange traded fund’s stock valued at $197,000 after buying an additional 1,761 shares during the last quarter. Finally, Compass Financial Management LLC purchased a new stake in shares of Invesco Financial Preferred ETF in the second quarter valued at about $27,000.

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.