Lincoln National Corp raised its holdings in Invesco Financial Preferred ETF (NYSEARCA:PGF) by 15.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,656 shares of the exchange traded fund’s stock after purchasing an additional 17,278 shares during the quarter. Lincoln National Corp owned 0.14% of Invesco Financial Preferred ETF worth $2,486,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. ARS Wealth Advisors LLC purchased a new stake in Invesco Financial Preferred ETF in the 4th quarter valued at approximately $19,639,000. AJ Wealth Strategies LLC lifted its position in shares of Invesco Financial Preferred ETF by 24.0% during the 1st quarter. AJ Wealth Strategies LLC now owns 222,371 shares of the exchange traded fund’s stock valued at $4,198,000 after acquiring an additional 43,032 shares during the period. Howard Wealth Management LLC lifted its position in shares of Invesco Financial Preferred ETF by 4.5% during the 1st quarter. Howard Wealth Management LLC now owns 32,540 shares of the exchange traded fund’s stock valued at $614,000 after acquiring an additional 1,400 shares during the period. Wolverine Trading LLC lifted its position in shares of Invesco Financial Preferred ETF by 414.5% during the 4th quarter. Wolverine Trading LLC now owns 216,642 shares of the exchange traded fund’s stock valued at $4,151,000 after acquiring an additional 174,533 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Invesco Financial Preferred ETF by 9.7% during the 4th quarter. Renaissance Technologies LLC now owns 118,600 shares of the exchange traded fund’s stock valued at $2,278,000 after acquiring an additional 10,500 shares during the period.
PGF stock opened at $18.90 on Thursday. The firm has a 50 day moving average of $18.95 and a 200-day moving average of $18.90. Invesco Financial Preferred ETF has a 12-month low of $17.52 and a 12-month high of $19.33.
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.
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