PowerShares Fin. Preferred Port. (NYSE:PGF) Rating Reiterated by Canaccord Genuity

PowerShares Fin. Preferred Port. (NYSEARCA:PGF)‘s stock had its “sell” rating reissued by investment analysts at Canaccord Genuity in a research report issued to clients and investors on Sunday, November 5th.

Separately, Royal Bank Of Canada reiterated a “hold” rating on shares of PowerShares Fin. Preferred Port. in a research note on Monday, September 18th.

PowerShares Fin. Preferred Port. (NYSEARCA:PGF) remained flat at $$19.03 during trading hours on Friday. 134,182 shares of the company’s stock were exchanged, compared to its average volume of 314,098. PowerShares Fin. Preferred Port. has a fifty-two week low of $17.65 and a fifty-two week high of $19.17.

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Several institutional investors and hedge funds have recently modified their holdings of PGF. Captrust Financial Advisors grew its position in PowerShares Fin. Preferred Port. by 361.3% during the 3rd quarter. Captrust Financial Advisors now owns 18,769 shares of the exchange traded fund’s stock worth $356,000 after acquiring an additional 14,700 shares during the last quarter. Pinebridge Investments L.P. bought a new stake in PowerShares Fin. Preferred Port. during the 3rd quarter worth approximately $1,136,000. Asset Management One Co. Ltd. grew its position in PowerShares Fin. Preferred Port. by 22.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 467,100 shares of the exchange traded fund’s stock worth $8,861,000 after acquiring an additional 84,400 shares during the last quarter. Cahill Financial Advisors Inc. grew its position in PowerShares Fin. Preferred Port. by 17.2% during the 3rd quarter. Cahill Financial Advisors Inc. now owns 20,450 shares of the exchange traded fund’s stock worth $388,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Cedar Hill Associates LLC bought a new stake in PowerShares Fin. Preferred Port. during the 3rd quarter worth approximately $210,000.

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.

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