Commonwealth Equity Services LLC Sells 15,596 Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF)

Commonwealth Equity Services LLC lessened its stake in Invesco Financial Preferred ETF (NYSEARCA:PGF) by 15.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,104 shares of the exchange traded fund’s stock after selling 15,596 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.14% of Invesco Financial Preferred ETF worth $1,238,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PGF. McClarren Financial Advisors Inc. increased 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 buying an additional 2,134 shares during the last quarter. Promus Capital LLC bought a new position in shares of Invesco Financial Preferred ETF during the 4th quarter worth $31,000. Allworth Financial LP increased its holdings in Invesco Financial Preferred ETF by 967.6% in the 4th quarter. Allworth Financial LP now owns 2,936 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 2,661 shares during the last quarter. Vision Financial Markets LLC bought a new stake in Invesco Financial Preferred ETF in the 4th quarter valued at about $58,000. Finally, Principal Securities Inc. lifted its holdings in Invesco Financial Preferred ETF by 36.6% during the fourth quarter. Principal Securities Inc. now owns 5,598 shares of the exchange traded fund’s stock valued at $81,000 after purchasing an additional 1,500 shares during the last quarter.

Invesco Financial Preferred ETF Trading Down 0.7 %

Shares of NYSEARCA:PGF opened at $14.36 on Monday. The company has a 50-day moving average price of $14.70 and a two-hundred day moving average price of $15.03. Invesco Financial Preferred ETF has a twelve month low of $14.25 and a twelve month high of $15.95.

Invesco Financial Preferred ETF Cuts Dividend

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

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.