Invesco Financial Preferred ETF (NYSEARCA:PGF) Shares Purchased by Royal Bank of Canada

Royal Bank of Canada lifted its holdings in Invesco Financial Preferred ETF (NYSEARCA:PGF – Get Rating) by 13.2% in the third quarter, Holdings Channel reports. The firm owned 412,793 shares of the exchange traded fund’s stock after buying an additional 48,165 shares during the period. Royal Bank of Canada’s holdings in Invesco Financial Preferred ETF were worth $6,208,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PGF. JPMorgan Chase & Co. boosted its position in shares of Invesco Financial Preferred ETF by 17.1% in the 1st quarter. JPMorgan Chase & Co. now owns 40,838 shares of the exchange traded fund’s stock worth $691,000 after purchasing an additional 5,967 shares in the last quarter. Private Advisor Group LLC raised its stake in Invesco Financial Preferred ETF by 34.2% in the 1st quarter. Private Advisor Group LLC now owns 30,425 shares of the exchange traded fund’s stock worth $515,000 after acquiring an additional 7,760 shares during the last quarter. Cetera Investment Advisers raised its stake in Invesco Financial Preferred ETF by 9.9% in the 1st quarter. Cetera Investment Advisers now owns 25,960 shares of the exchange traded fund’s stock worth $439,000 after acquiring an additional 2,341 shares during the last quarter. NewEdge Advisors LLC raised its stake in Invesco Financial Preferred ETF by 18.0% in the 1st quarter. NewEdge Advisors LLC now owns 53,175 shares of the exchange traded fund’s stock worth $900,000 after acquiring an additional 8,103 shares during the last quarter. Finally, Worth Asset Management LLC purchased a new position in Invesco Financial Preferred ETF in the 1st quarter worth $152,000.

Invesco Financial Preferred ETF Stock Performance

Shares of PGF stock opened at $14.72 on Monday. The business has a fifty day moving average of $15.61 and a 200 day moving average of $15.19. Invesco Financial Preferred ETF has a 1 year low of $14.11 and a 1 year high of $16.96.

About Invesco Financial Preferred ETF

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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.