Sterneck Capital Management LLC Buys 24,928 Shares of Invesco Financial Preferred ETF (NYSEARCA:PGF)

Sterneck Capital Management LLC raised its stake in Invesco Financial Preferred ETF (NYSEARCA:PGF) by 27.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 117,173 shares of the exchange traded fund’s stock after purchasing an additional 24,928 shares during the period. Invesco Financial Preferred ETF accounts for approximately 0.9% of Sterneck Capital Management LLC’s investment portfolio, making the stock its 26th largest holding. Sterneck Capital Management LLC owned about 0.19% of Invesco Financial Preferred ETF worth $1,705,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Invesco Financial Preferred ETF by 23,087.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 873,248 shares of the exchange traded fund’s stock valued at $13,675,000 after buying an additional 869,482 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Invesco Financial Preferred ETF during the second quarter worth about $1,346,000. Caprock Group LLC acquired a new position in shares of Invesco Financial Preferred ETF during the third quarter valued at about $412,000. Investors Research Corp increased its holdings in shares of Invesco Financial Preferred ETF by 15.2% during the third quarter. Investors Research Corp now owns 180,399 shares of the exchange traded fund’s stock valued at $2,825,000 after acquiring an additional 23,866 shares in the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new position in shares of Invesco Financial Preferred ETF in the 2nd quarter valued at approximately $345,000.

Invesco Financial Preferred ETF Price Performance

NYSEARCA:PGF opened at $14.71 on Wednesday. Invesco Financial Preferred ETF has a twelve month low of $14.35 and a twelve month high of $15.95. The company’s 50 day moving average is $15.00 and its two-hundred day moving average is $15.17.

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.