Independent Advisor Alliance Purchases Shares of 13,287 Invesco Financial Preferred ETF (NYSEARCA:PGF)

Independent Advisor Alliance acquired a new position in shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,287 shares of the exchange traded fund’s stock, valued at approximately $193,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. McClarren Financial Advisors Inc. lifted its position in Invesco Financial Preferred ETF by 14,226.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 2,149 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 2,134 shares during the period. Promus Capital LLC acquired a new stake in shares of Invesco Financial Preferred ETF during the 4th quarter valued at about $31,000. Allworth Financial LP increased its stake in Invesco Financial Preferred ETF by 967.6% in the fourth quarter. Allworth Financial LP now owns 2,936 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 2,661 shares during the period. Avior Wealth Management LLC raised its position in Invesco Financial Preferred ETF by 305.7% in the third quarter. Avior Wealth Management LLC now owns 3,006 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 2,265 shares in the last quarter. Finally, Vision Financial Markets LLC bought a new position in Invesco Financial Preferred ETF during the fourth quarter worth about $58,000.

Invesco Financial Preferred ETF Trading Down 0.1 %

Shares of NYSEARCA:PGF opened at $14.69 on Friday. The business’s fifty day moving average price is $14.70 and its two-hundred day moving average price is $15.07. Invesco Financial Preferred ETF has a fifty-two week low of $14.25 and a fifty-two week high of $15.95.

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.