Avantax Advisory Services Inc. Sells 3,828 Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF)

Avantax Advisory Services Inc. cut its position in Invesco Financial Preferred ETF (NYSEARCA:PGF) by 20.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,619 shares of the exchange traded fund’s stock after selling 3,828 shares during the period. Avantax Advisory Services Inc.’s holdings in Invesco Financial Preferred ETF were worth $213,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Invesco Financial Preferred ETF by 23,087.7% in the third quarter. JPMorgan Chase & Co. now owns 873,248 shares of the exchange traded fund’s stock worth $13,675,000 after purchasing an additional 869,482 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Invesco Financial Preferred ETF in the fourth quarter worth $1,675,000. International Assets Investment Management LLC purchased a new stake in Invesco Financial Preferred ETF during the fourth quarter valued at $697,000. Investors Research Corp lifted its holdings in Invesco Financial Preferred ETF by 15.3% in the fourth quarter. Investors Research Corp now owns 207,910 shares of the exchange traded fund’s stock valued at $3,025,000 after acquiring an additional 27,511 shares during the period. Finally, Sterneck Capital Management LLC boosted its position in Invesco Financial Preferred ETF by 27.0% in the fourth quarter. Sterneck Capital Management LLC now owns 117,173 shares of the exchange traded fund’s stock worth $1,705,000 after purchasing an additional 24,928 shares during the last quarter.

Invesco Financial Preferred ETF Stock Down 0.7 %

NYSEARCA PGF opened at $14.48 on Thursday. The company has a 50-day moving average price of $14.71 and a 200-day moving average price of $15.05. Invesco Financial Preferred ETF has a 52 week low of $14.25 and a 52 week high of $15.95.

Invesco Financial Preferred ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be paid a $0.0651 dividend. The ex-dividend date of this dividend is 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.