Private Advisor Group LLC Has $857,000 Position in PowerShares Fin. Preferred Port. (NYSEARCA:PGF)

Private Advisor Group LLC lowered its position in PowerShares Fin. Preferred Port. (NYSEARCA:PGF) by 47.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,595 shares of the exchange traded fund’s stock after selling 41,215 shares during the period. Private Advisor Group LLC owned approximately 0.05% of PowerShares Fin. Preferred Port. worth $857,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in PGF. Susquehanna International Group LLP raised its position in shares of PowerShares Fin. Preferred Port. by 456.3% in the 3rd quarter. Susquehanna International Group LLP now owns 41,330 shares of the exchange traded fund’s stock worth $784,000 after buying an additional 52,930 shares during the period. Captrust Financial Advisors raised its position in PowerShares Fin. Preferred Port. by 361.3% in the third quarter. Captrust Financial Advisors now owns 18,769 shares of the exchange traded fund’s stock valued at $356,000 after purchasing an additional 14,700 shares during the period. SG Americas Securities LLC purchased a new position in PowerShares Fin. Preferred Port. in the fourth quarter valued at about $328,000. Wolverine Trading LLC increased its position in shares of PowerShares Fin. Preferred Port. by 590.5% during the third quarter. Wolverine Trading LLC now owns 74,549 shares of the exchange traded fund’s stock worth $1,414,000 after acquiring an additional 89,749 shares during the last quarter. Finally, Access Financial Services Inc. increased its position in shares of PowerShares Fin. Preferred Port. by 11.0% during the fourth quarter. Access Financial Services Inc. now owns 332,651 shares of the exchange traded fund’s stock worth $6,277,000 after acquiring an additional 32,989 shares during the last quarter.

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A number of equities analysts recently commented on PGF shares. AltaCorp Capital reiterated a “hold” rating and issued a $1.15 price target on shares of PowerShares Fin. Preferred Port. in a research note on Tuesday, January 16th. Canaccord Genuity restated a “sell” rating and issued a $1.00 target price on shares of PowerShares Fin. Preferred Port. in a research note on Thursday, January 18th.

PowerShares Fin. Preferred Port. (PGF) traded down $0.03 during midday trading on Thursday, hitting $18.68. The company’s stock had a trading volume of 36,493 shares. PowerShares Fin. Preferred Port. has a 52 week low of $18.01 and a 52 week high of $19.17. The company has a market capitalization of $1,640.00 and a PE ratio of 12.37.

The business also recently declared a monthly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.14%. The ex-dividend date was Tuesday, February 20th. PowerShares Fin. Preferred Port.’s dividend payout ratio is currently 66.23%.

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About PowerShares Fin. Preferred Port.

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.

Institutional Ownership by Quarter for PowerShares Fin. Preferred Port. (NYSEARCA:PGF)

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