Friedenthal Financial Buys New Shares in Invesco Financial Preferred ETF (NYSEARCA:PGF)

Friedenthal Financial bought a new stake in Invesco Financial Preferred ETF (NYSEARCA:PGF) during the 4th quarter, HoldingsChannel.com reports. The fund bought 4,827 shares of the exchange traded fund’s stock, valued at approximately $70,000.

Several other hedge funds have also recently made changes to their positions in PGF. JPMorgan Chase & Co. boosted its holdings in Invesco Financial Preferred ETF by 17.1% in the first quarter. JPMorgan Chase & Co. now owns 40,838 shares of the exchange traded fund’s stock valued at $691,000 after purchasing an additional 5,967 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Invesco Financial Preferred ETF by 34.2% in the first quarter. Private Advisor Group LLC now owns 30,425 shares of the exchange traded fund’s stock valued at $515,000 after purchasing an additional 7,760 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Invesco Financial Preferred ETF by 9.9% in the first quarter. Cetera Investment Advisers now owns 25,960 shares of the exchange traded fund’s stock valued at $439,000 after purchasing an additional 2,341 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Invesco Financial Preferred ETF by 18.0% in the first quarter. NewEdge Advisors LLC now owns 53,175 shares of the exchange traded fund’s stock valued at $900,000 after purchasing an additional 8,103 shares during the last quarter. Finally, Worth Asset Management LLC purchased a new stake in Invesco Financial Preferred ETF in the first quarter valued at $152,000.

Invesco Financial Preferred ETF Stock Down 0.6 %

NYSEARCA:PGF opened at $14.68 on Friday. Invesco Financial Preferred ETF has a one year low of $13.03 and a one year high of $15.38. The firm’s fifty day moving average is $15.13 and its two-hundred day moving average is $14.54.

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.