Affiance Financial LLC Sells 800 Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF)

Affiance Financial LLC cut its stake in shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) by 5.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,367 shares of the exchange traded fund’s stock after selling 800 shares during the period. Affiance Financial LLC’s holdings in Invesco Financial Preferred ETF were worth $251,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NEXT Financial Group Inc bought a new stake in shares of Invesco Financial Preferred ETF during the second quarter valued at about $32,000. Liberty Wealth Management LLC bought a new stake in shares of Invesco Financial Preferred ETF during the second quarter valued at about $51,000. Meridian Wealth Management LLC bought a new stake in shares of Invesco Financial Preferred ETF during the first quarter valued at about $75,000. Nvwm LLC increased its position in shares of Invesco Financial Preferred ETF by 80.0% during the second quarter. Nvwm LLC now owns 4,500 shares of the exchange traded fund’s stock valued at $83,000 after buying an additional 2,000 shares during the period. Finally, Coastal Investment Advisors Inc. increased its position in shares of Invesco Financial Preferred ETF by 27.8% during the second quarter. Coastal Investment Advisors Inc. now owns 4,870 shares of the exchange traded fund’s stock valued at $88,000 after buying an additional 1,059 shares during the period.

Shares of PGF remained flat at $$18.83 during midday trading on Friday. The stock had a trading volume of 29,224 shares, compared to its average volume of 459,712. The stock’s 50 day moving average is $18.76 and its 200-day moving average is $18.56. Invesco Financial Preferred ETF has a 12-month low of $16.99 and a 12-month high of $18.91.

The business also recently declared a — dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 24th were given a dividend of $0.0769 per share. This represents a dividend yield of 5.3%. The ex-dividend date was Monday, September 23rd.

Invesco Financial Preferred ETF 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.

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Institutional Ownership by Quarter for Invesco Financial Preferred ETF (NYSEARCA:PGF)

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