Orion Portfolio Solutions LLC Acquires New Position in Invesco Financial Preferred ETF (NYSEARCA:PGF)

Orion Portfolio Solutions LLC bought a new position in shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 185,065 shares of the exchange traded fund’s stock, valued at approximately $2,693,000. Orion Portfolio Solutions LLC owned 0.30% of Invesco Financial Preferred ETF as of its most recent SEC filing.

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

Invesco Financial Preferred ETF Price Performance

Shares of Invesco Financial Preferred ETF stock opened at $14.28 on Tuesday. The company’s 50-day moving average price is $14.69 and its 200-day moving average price is $15.02. Invesco Financial Preferred ETF has a 12-month low of $14.25 and a 12-month high of $15.95.

Invesco Financial Preferred ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a $0.0651 dividend. The ex-dividend date of this dividend 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.