Optimum Investment Advisors Has $563,000 Position in Invesco Financial Preferred ETF (NYSEARCA:PGF)

Optimum Investment Advisors reduced its holdings in Invesco Financial Preferred ETF (NYSEARCA:PGF) by 2.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,980 shares of the exchange traded fund’s stock after selling 600 shares during the period. Optimum Investment Advisors’ holdings in Invesco Financial Preferred ETF were worth $563,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. NEXT Financial Group Inc acquired a new stake in shares of Invesco Financial Preferred ETF during the second quarter worth $32,000. Liberty Wealth Management LLC acquired a new stake in shares of Invesco Financial Preferred ETF during the second quarter worth $51,000. Nvwm LLC raised its holdings in shares of Invesco Financial Preferred ETF by 80.0% during the second quarter. Nvwm LLC now owns 4,500 shares of the exchange traded fund’s stock worth $83,000 after acquiring an additional 2,000 shares during the period. Coastal Investment Advisors Inc. raised its holdings in shares of Invesco Financial Preferred ETF by 27.8% during the second quarter. Coastal Investment Advisors Inc. now owns 4,870 shares of the exchange traded fund’s stock worth $88,000 after acquiring an additional 1,059 shares during the period. Finally, Advisory Services Network LLC raised its holdings in shares of Invesco Financial Preferred ETF by 14.3% during the second quarter. Advisory Services Network LLC now owns 6,043 shares of the exchange traded fund’s stock worth $111,000 after acquiring an additional 756 shares during the period.

Shares of NYSEARCA:PGF traded up $0.03 during midday trading on Friday, reaching $18.64. 192,485 shares of the company were exchanged, compared to its average volume of 447,500. Invesco Financial Preferred ETF has a fifty-two week low of $16.99 and a fifty-two week high of $18.97. The stock has a fifty day simple moving average of $18.81 and a two-hundred day simple moving average of $18.63.

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.

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Institutional Ownership by Quarter for Invesco Financial Preferred ETF (NYSEARCA:PGF)

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