Stifel Financial Corp Sells 4,595 Shares of PowerShares Fin. Preferred Port. (PGF)

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Stifel Financial Corp lessened its holdings in PowerShares Fin. Preferred Port. (NYSEARCA:PGF) by 7.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 54,812 shares of the exchange traded fund’s stock after selling 4,595 shares during the period. Stifel Financial Corp owned about 0.06% of PowerShares Fin. Preferred Port. worth $1,020,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. PFS Investments Inc. bought a new stake in PowerShares Fin. Preferred Port. during the 4th quarter worth approximately $2,898,000. Avestar Capital LLC bought a new stake in PowerShares Fin. Preferred Port. during the 4th quarter worth approximately $290,000. First Republic Investment Management Inc. raised its stake in PowerShares Fin. Preferred Port. by 23.0% during the 4th quarter. First Republic Investment Management Inc. now owns 76,278 shares of the exchange traded fund’s stock worth $1,439,000 after acquiring an additional 14,278 shares during the period. JOYN Advisors Inc. bought a new stake in PowerShares Fin. Preferred Port. during the 4th quarter worth approximately $329,000. Finally, Advisor Group Inc. raised its stake in PowerShares Fin. Preferred Port. by 11.1% during the 4th quarter. Advisor Group Inc. now owns 126,018 shares of the exchange traded fund’s stock worth $2,378,000 after acquiring an additional 12,608 shares during the period.

PowerShares Fin. Preferred Port. opened at $18.46 on Friday, according to MarketBeat Ratings. PowerShares Fin. Preferred Port. has a 12 month low of $18.01 and a 12 month high of $19.17.

The company also recently announced a monthly dividend, which was paid on Friday, June 29th. Shareholders of record on Tuesday, June 19th were paid a dividend of $0.0801 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date was Monday, June 18th.

PowerShares Fin. Preferred Port. Company 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.

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

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