6 Meridian cut its holdings in shares of PowerShares Preferred Portfolio(ETF) (NYSEARCA:PCEF) by 1.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 228,358 shares of the company’s stock after selling 3,468 shares during the period. 6 Meridian owned approximately 0.74% of PowerShares Preferred Portfolio(ETF) worth $5,243,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Clarus Wealth Advisors purchased a new stake in shares of PowerShares Preferred Portfolio(ETF) during the fourth quarter valued at $242,000. Citadel Advisors LLC purchased a new stake in shares of PowerShares Preferred Portfolio(ETF) during the fourth quarter valued at $247,000. ProVise Management Group LLC purchased a new stake in shares of PowerShares Preferred Portfolio(ETF) during the fourth quarter valued at $262,000. AdvisorNet Financial Inc bought a new position in PowerShares Preferred Portfolio(ETF) in the first quarter valued at about $259,000. Finally, Private Advisor Group LLC lifted its holdings in PowerShares Preferred Portfolio(ETF) by 25.8% in the first quarter. Private Advisor Group LLC now owns 15,896 shares of the company’s stock valued at $365,000 after acquiring an additional 3,256 shares during the period.

PowerShares Preferred Portfolio(ETF) opened at $23.05 on Friday, Marketbeat Ratings reports. PowerShares Preferred Portfoli has a fifty-two week low of $23.08 and a fifty-two week high of $23.10.

The company also recently announced a monthly dividend, which was paid on Monday, April 30th. Shareholders of record on Tuesday, April 24th were issued a $0.1473 dividend. This represents a $1.77 dividend on an annualized basis and a yield of 7.67%. The ex-dividend date of this dividend was Monday, April 23rd.

PowerShares Preferred Portfolio(ETF) Profile

PowerShares CEF Income Composite Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the S-Network Composite Closed-End Fund Index (the Index). The Fund will normally invest at least 80% of its total assets in securities of funds included in the Index.

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

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