National Asset Management Inc. increased its holdings in shares of PowerShares Fin. Preferred Port. (NYSE:PGF) by 0.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,731 shares of the exchange traded fund’s stock after buying an additional 78 shares during the period. National Asset Management Inc.’s holdings in PowerShares Fin. Preferred Port. were worth $626,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Royal Bank of Canada boosted its position in PowerShares Fin. Preferred Port. by 8.8% during the 2nd quarter. Royal Bank of Canada now owns 397,710 shares of the exchange traded fund’s stock worth $7,597,000 after buying an additional 32,246 shares during the period. Wells Fargo & Company MN lifted its position in shares of PowerShares Fin. Preferred Port. by 21.3% in the 2nd quarter. Wells Fargo & Company MN now owns 192,595 shares of the exchange traded fund’s stock worth $3,679,000 after purchasing an additional 33,842 shares during the period. Financial Advisors Network Inc. lifted its position in shares of PowerShares Fin. Preferred Port. by 3.1% in the 2nd quarter. Financial Advisors Network Inc. now owns 192,522 shares of the exchange traded fund’s stock worth $3,677,000 after purchasing an additional 5,732 shares during the period. MML Investors Services LLC acquired a new position in shares of PowerShares Fin. Preferred Port. in the 2nd quarter worth approximately $3,549,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of PowerShares Fin. Preferred Port. by 3.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 159,777 shares of the exchange traded fund’s stock worth $3,052,000 after purchasing an additional 5,874 shares during the period.

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PGF has been the topic of a number of recent analyst reports. Royal Bank Of Canada restated a “hold” rating on shares of PowerShares Fin. Preferred Port. in a research report on Monday, September 18th. Canaccord Genuity restated a “sell” rating on shares of PowerShares Fin. Preferred Port. in a research report on Friday.

Shares of PowerShares Fin. Preferred Port. (NYSE PGF) traded up 0.11% on Friday, hitting $18.93. 158,424 shares of the stock were exchanged. The company has a 50 day moving average of $18.96 and a 200 day moving average of $18.97. PowerShares Fin. Preferred Port. has a 52-week low of $17.65 and a 52-week high of $19.17.

The business also recently disclosed a monthly dividend, which was paid on Friday, September 29th. Stockholders of record on Tuesday, September 19th were paid a dividend of $0.0848 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date was Monday, September 18th. This is a positive change from PowerShares Fin. Preferred Port.’s previous monthly dividend of $0.08.

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. (NYSE:PGF)

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