JPMorgan Chase & Co. Has $13.68 Million Stake in Invesco Financial Preferred ETF (NYSEARCA:PGF)

JPMorgan Chase & Co. raised its stake in shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) by 23,087.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 873,248 shares of the exchange traded fund’s stock after purchasing an additional 869,482 shares during the period. JPMorgan Chase & Co. owned 1.43% of Invesco Financial Preferred ETF worth $13,675,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new stake in shares of Invesco Financial Preferred ETF during the third quarter worth $33,000. Avior Wealth Management LLC boosted its position in Invesco Financial Preferred ETF by 305.7% during the third quarter. Avior Wealth Management LLC now owns 3,006 shares of the exchange traded fund’s stock valued at $47,000 after acquiring an additional 2,265 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Invesco Financial Preferred ETF during the 2nd quarter worth about $52,000. Farther Finance Advisors LLC bought a new position in shares of Invesco Financial Preferred ETF in the 3rd quarter worth about $72,000. Finally, Financial Insights Inc. acquired a new position in shares of Invesco Financial Preferred ETF in the 3rd quarter valued at about $157,000.

Invesco Financial Preferred ETF Stock Performance

Shares of Invesco Financial Preferred ETF stock opened at $14.38 on Friday. The stock’s 50-day moving average is $14.96 and its 200 day moving average is $15.17. Invesco Financial Preferred ETF has a one year low of $14.35 and a one year high of $15.95.

Invesco Financial Preferred ETF Company 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.