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Invesco Financial Preferred ETF T.PGF


Primary Symbol: PGF

The investment seeks to track the investment results (before fees and expenses) of the Wells Fargo Hybrid and Preferred Securities Financial Index. The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is a market capitalization weighted index designed to track the performance of preferred securities and securities that the index provider believes are functionally equivalent to preferred securities, including, but not limited to, depositary preferred securities, perpetual subordinated debt and certain capital securities. It is non-diversified.


ARCA:PGF - Post by User

Comment by Hendrick3on Nov 05, 2019 9:17am
223 Views
Post# 30309571

RE:RE:Who's buying at .055 to sell at .05

RE:RE:Who's buying at .055 to sell at .05There are a number of valid reasons that traders are buying over 5 cents. Often the first offer is intentionally low and then they bring it up a bit to make people feel they got a reasonable price. There is also the possibility of a competing bid or Schulich declaring he won't sell at 5 cents such that the bid might be raised. I think the people who might feel they reacted irrationally are those that sold at 5 cents. That's the offer price. Why take yourself out of any upside by taking that now. You will be able to get 5 cents anytime through the process. Lastly there is the court case which if it pays $5 million you are now at 6 cents and it could be higher. Given the volume being traded above 5 cents, these may be Traders who know more than you think. 
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