PNC Financial Services Group Inc. Sells 17,304 Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF)

PNC Financial Services Group Inc. reduced its position in Invesco Financial Preferred ETF (NYSEARCA:PGF) by 62.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,427 shares of the exchange traded fund’s stock after selling 17,304 shares during the period. PNC Financial Services Group Inc.’s holdings in Invesco Financial Preferred ETF were worth $152,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Cim LLC purchased a new position in Invesco Financial Preferred ETF during the 4th quarter valued at about $5,675,000. Private Advisor Group LLC boosted its stake in shares of Invesco Financial Preferred ETF by 14.2% during the fourth quarter. Private Advisor Group LLC now owns 784,132 shares of the exchange traded fund’s stock valued at $11,433,000 after purchasing an additional 97,509 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Invesco Financial Preferred ETF during the fourth quarter valued at approximately $574,000. Crestwood Advisors Group LLC purchased a new position in Invesco Financial Preferred ETF during the third quarter valued at approximately $402,000. Finally, Financial Gravity Asset Management Inc. raised its stake in Invesco Financial Preferred ETF by 147,314.3% in the third quarter. Financial Gravity Asset Management Inc. now owns 20,638 shares of the exchange traded fund’s stock worth $272,000 after buying an additional 20,624 shares in the last quarter.

Invesco Financial Preferred ETF Stock Up 1.1 %

Shares of NYSEARCA PGF opened at $14.87 on Friday. Invesco Financial Preferred ETF has a 12-month low of $13.03 and a 12-month high of $15.38. The stock’s fifty day simple moving average is $14.74 and its two-hundred day simple moving average is $14.88.

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.