Accel Wealth Management Sells 6,976 Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF)

Accel Wealth Management decreased its stake in shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,087 shares of the exchange traded fund’s stock after selling 6,976 shares during the quarter. Accel Wealth Management’s holdings in Invesco Financial Preferred ETF were worth $845,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in Invesco Financial Preferred ETF by 23,087.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 873,248 shares of the exchange traded fund’s stock worth $13,675,000 after acquiring an additional 869,482 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Invesco Financial Preferred ETF in the second quarter worth $1,346,000. International Assets Investment Management LLC purchased a new position in shares of Invesco Financial Preferred ETF in the fourth quarter worth $697,000. Caprock Group LLC bought a new position in shares of Invesco Financial Preferred ETF during the third quarter valued at $412,000. Finally, Sterneck Capital Management LLC boosted its position in shares of Invesco Financial Preferred ETF by 27.0% during the fourth quarter. Sterneck Capital Management LLC now owns 117,173 shares of the exchange traded fund’s stock valued at $1,705,000 after buying an additional 24,928 shares during the last quarter.

Invesco Financial Preferred ETF Stock Performance

NYSEARCA PGF opened at $14.80 on Friday. The stock has a 50-day moving average of $14.82 and a 200 day moving average of $15.15. Invesco Financial Preferred ETF has a one year low of $14.25 and a one year high of $15.95.

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.