Invesco Financial Preferred ETF (NYSEARCA:PGF) Stock Crosses Below 200 Day Moving Average of $0.00

Invesco Financial Preferred ETF (NYSEARCA:PGF)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $18.57. Invesco Financial Preferred ETF shares last traded at $18.57, with a volume of 3,800 shares.

Separately, Raymond James reaffirmed an “average” rating and set a $4.50 price objective on shares of John Hancock Financial Opprts Fund in a research note on Thursday, May 9th.

The firm’s 50-day moving average price is $18.48.

A number of institutional investors have recently bought and sold shares of the stock. Mutual Advisors LLC boosted its holdings in shares of Invesco Financial Preferred ETF by 2.7% during the fourth quarter. Mutual Advisors LLC now owns 106,112 shares of the exchange traded fund’s stock worth $1,842,000 after acquiring an additional 2,775 shares during the period. Meridian Wealth Management LLC bought a new stake in shares of Invesco Financial Preferred ETF during the first quarter worth approximately $75,000. Mid Atlantic Financial Management Inc. ADV bought a new stake in shares of Invesco Financial Preferred ETF during the first quarter worth approximately $1,337,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Invesco Financial Preferred ETF by 4.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 144,544 shares of the exchange traded fund’s stock worth $2,639,000 after acquiring an additional 6,392 shares during the period. Finally, Baker Avenue Asset Management LP boosted its holdings in shares of Invesco Financial Preferred ETF by 7.2% during the fourth quarter. Baker Avenue Asset Management LP now owns 412,203 shares of the exchange traded fund’s stock worth $7,156,000 after acquiring an additional 27,514 shares during the period.

Invesco Financial Preferred ETF Company Profile (NYSEARCA:PGF)

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.

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