Northwestern Mutual Wealth Management Co. lessened its position in PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX) by 74.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,463 shares of the company’s stock after selling 31,283 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in PowerShares Preferred Portfolio(ETF) were worth $155,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PGX. Chessman Wealth Strategies RIA bought a new position in shares of PowerShares Preferred Portfolio(ETF) in the 4th quarter valued at about $10,376,000. Apriem Advisors bought a new position in shares of PowerShares Preferred Portfolio(ETF) in the 3rd quarter valued at about $5,264,000. AlphaStar Capital Management LLC grew its position in shares of PowerShares Preferred Portfolio(ETF) by 3,538.6% in the 3rd quarter. AlphaStar Capital Management LLC now owns 217,808 shares of the company’s stock valued at $3,274,000 after acquiring an additional 211,822 shares during the period. Creative Planning grew its position in shares of PowerShares Preferred Portfolio(ETF) by 7.6% in the 4th quarter. Creative Planning now owns 2,699,619 shares of the company’s stock valued at $40,116,000 after acquiring an additional 191,160 shares during the period. Finally, SRS Capital Advisors Inc. grew its position in shares of PowerShares Preferred Portfolio(ETF) by 23.4% in the 3rd quarter. SRS Capital Advisors Inc. now owns 820,874 shares of the company’s stock valued at $12,337,000 after acquiring an additional 155,889 shares during the period.

PowerShares Preferred Portfoli (NYSEARCA:PGX) opened at $14.35 on Friday. PowerShares Preferred Portfoli has a 12-month low of $14.10 and a 12-month high of $15.20.

The business also recently announced a monthly dividend, which was paid on Wednesday, January 31st. Investors of record on Tuesday, January 23rd were issued a dividend of $0.068 per share. This represents a $0.82 annualized dividend and a dividend yield of 5.68%. The ex-dividend date was Monday, January 22nd.

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PowerShares Preferred Portfolio(ETF) Profile

The PowerShares Preferred Portfolio (Fund) is based on The BofA Merrill Lynch Core Fixed Rate Preferred Securities Index (Index). The Fund normally invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to replicate the total return of a diversified group of investment-grade preferred securities.

Institutional Ownership by Quarter for PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX)

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