Raymond James Financial Inc. Buys New Shares in Invesco Financial Preferred ETF (NYSEARCA:PGF)

Raymond James Financial Inc. purchased a new position in shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 115,154 shares of the exchange traded fund’s stock, valued at approximately $1,675,000.

Other hedge funds also recently made changes to their positions in the company. McClarren Financial Advisors Inc. grew its stake in shares of Invesco Financial Preferred ETF by 14,226.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 2,149 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 2,134 shares during the period. Promus Capital LLC acquired a new position in Invesco Financial Preferred ETF in the fourth quarter valued at $31,000. Allworth Financial LP grew its position in Invesco Financial Preferred ETF by 967.6% during 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. Vision Financial Markets LLC acquired a new stake in Invesco Financial Preferred ETF during the fourth quarter worth about $58,000. Finally, Principal Securities Inc. raised its holdings 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 period.

Invesco Financial Preferred ETF Stock Down 0.6 %

NYSEARCA PGF opened at $14.28 on Tuesday. The business’s 50-day simple moving average is $14.69 and its 200-day simple moving average is $15.02. Invesco Financial Preferred ETF has a 1-year low of $14.25 and a 1-year high of $15.95.

Invesco Financial Preferred ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.0651 dividend. The ex-dividend date of this dividend was Monday, March 24th.

About Invesco Financial Preferred ETF

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.