Invesco Financial Preferred ETF (PGF) Stake Raised by Regal Investment Advisors LLC

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Regal Investment Advisors LLC grew its stake in shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) by 2.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 35,169 shares of the exchange traded fund’s stock after purchasing an additional 678 shares during the quarter. Regal Investment Advisors LLC’s holdings in Invesco Financial Preferred ETF were worth $611,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in PGF. Rehmann Capital Advisory Group raised its position in shares of Invesco Financial Preferred ETF by 1,719.0% during the third quarter. Rehmann Capital Advisory Group now owns 440,034 shares of the exchange traded fund’s stock valued at $24,191,000 after buying an additional 415,843 shares during the last quarter. Capital Investment Advisors LLC bought a new stake in shares of Invesco Financial Preferred ETF during the third quarter valued at approximately $898,000. DT Investment Partners LLC raised its position in shares of Invesco Financial Preferred ETF by 14.3% during the third quarter. DT Investment Partners LLC now owns 294,383 shares of the exchange traded fund’s stock valued at $5,355,000 after buying an additional 36,808 shares during the last quarter. MML Investors Services LLC raised its position in shares of Invesco Financial Preferred ETF by 22.1% during the third quarter. MML Investors Services LLC now owns 195,939 shares of the exchange traded fund’s stock valued at $3,564,000 after buying an additional 35,435 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised its position in shares of Invesco Financial Preferred ETF by 73.3% during the third quarter. Koshinski Asset Management Inc. now owns 83,700 shares of the exchange traded fund’s stock valued at $1,523,000 after buying an additional 35,393 shares during the last quarter.

Several equities research analysts have recently issued reports on PGF shares. Raymond James reiterated an “average” rating and set a $0.50 price objective on shares of Invesco Financial Preferred ETF in a research report on Thursday, December 13th. Royal Bank of Canada reiterated a “sell” rating and set a $0.90 price objective on shares of Invesco Financial Preferred ETF in a research report on Monday, January 7th.

Invesco Financial Preferred ETF stock opened at $18.02 on Friday. Invesco Financial Preferred ETF has a 1 year low of $16.99 and a 1 year high of $18.75.

The business also recently disclosed a monthly dividend, which was paid on Thursday, January 31st. Stockholders of record on Wednesday, January 23rd were given a dividend of $0.0834 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.56%. The ex-dividend date was Tuesday, January 22nd.

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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.

Further Reading: Do investors pay a separate front-end load every time they buy additional shares?

Want to see what other hedge funds are holding PGF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Financial Preferred ETF (NYSEARCA:PGF).

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

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