Envestnet Asset Management Inc. Trims Stock Holdings in Invesco Financial Preferred ETF (NYSEARCA:PGF)

Envestnet Asset Management Inc. cut its holdings in shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) by 20.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,144 shares of the exchange traded fund’s stock after selling 14,373 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Invesco Financial Preferred ETF were worth $817,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PGF. McClarren Financial Advisors Inc. grew its position in shares of Invesco Financial Preferred ETF by 14,226.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 2,149 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 2,134 shares in the last quarter. Promus Capital LLC bought a new position in Invesco Financial Preferred ETF during the 4th quarter valued at $31,000. Allworth Financial LP boosted its stake in Invesco Financial Preferred ETF by 967.6% during the 4th 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 last quarter. Vision Financial Markets LLC acquired a new position in Invesco Financial Preferred ETF during the 4th quarter worth $58,000. Finally, Principal Securities Inc. increased its position in shares of Invesco Financial Preferred ETF by 36.6% in the 4th quarter. Principal Securities Inc. now owns 5,598 shares of the exchange traded fund’s stock worth $81,000 after purchasing an additional 1,500 shares during the last quarter.

Invesco Financial Preferred ETF Stock Up 0.6 %

Shares of PGF stock opened at $14.08 on Friday. Invesco Financial Preferred ETF has a one year low of $13.62 and a one year high of $15.95. The company’s 50-day simple moving average is $14.29 and its 200-day simple moving average is $14.72.

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.