Affiance Financial LLC Sells 800 Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF)

Affiance Financial LLC lowered its stake in Invesco Financial Preferred ETF (NYSEARCA:PGF) by 5.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,367 shares of the exchange traded fund’s stock after selling 800 shares during the quarter. Affiance Financial LLC’s holdings in Invesco Financial Preferred ETF were worth $251,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PGF. Commonwealth Equity Services LLC grew its position in Invesco Financial Preferred ETF by 0.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 137,000 shares of the exchange traded fund’s stock valued at $2,523,000 after purchasing an additional 691 shares during the period. Regal Investment Advisors LLC grew its position in Invesco Financial Preferred ETF by 2.1% in the 2nd quarter. Regal Investment Advisors LLC now owns 35,195 shares of the exchange traded fund’s stock valued at $648,000 after purchasing an additional 715 shares during the period. Advisory Services Network LLC grew its position in Invesco Financial Preferred ETF by 14.3% in the 2nd quarter. Advisory Services Network LLC now owns 6,043 shares of the exchange traded fund’s stock valued at $111,000 after purchasing an additional 756 shares during the period. Bank of Montreal Can grew its position in Invesco Financial Preferred ETF by 8.6% in the 2nd quarter. Bank of Montreal Can now owns 12,552 shares of the exchange traded fund’s stock valued at $231,000 after purchasing an additional 992 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in Invesco Financial Preferred ETF by 0.6% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 169,965 shares of the exchange traded fund’s stock valued at $3,132,000 after purchasing an additional 1,015 shares during the period.

NYSEARCA PGF remained flat at $$18.83 during mid-day trading on Friday. 29,224 shares of the company traded hands, compared to its average volume of 459,712. The firm’s fifty day moving average price is $18.76 and its 200 day moving average price is $18.56. Invesco Financial Preferred ETF has a twelve month low of $16.99 and a twelve month high of $18.91.

The firm also recently declared a — dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 24th were given a $0.0769 dividend. This represents a yield of 5.3%. The ex-dividend date was Monday, September 23rd.

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.

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

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