MML Investors Services LLC grew its stake in PowerShares Fin. Preferred Port. (NYSEARCA:PGF) by 22.1% during the third quarter, HoldingsChannel.com reports. The firm owned 195,939 shares of the exchange traded fund’s stock after purchasing an additional 35,435 shares during the quarter. MML Investors Services LLC’s holdings in PowerShares Fin. Preferred Port. were worth $3,564,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Stuart Chaussee & Associates Inc. acquired a new position in PowerShares Fin. Preferred Port. during the second quarter worth $101,000. United Asset Strategies Inc. boosted its position in PowerShares Fin. Preferred Port. by 92.8% during the third quarter. United Asset Strategies Inc. now owns 10,000 shares of the exchange traded fund’s stock worth $182,000 after purchasing an additional 4,814 shares in the last quarter. CAPROCK Group Inc. purchased a new stake in PowerShares Fin. Preferred Port. during the second quarter worth $210,000. Lincoln National Corp purchased a new stake in PowerShares Fin. Preferred Port. during the second quarter worth $238,000. Finally, Strategic Wealth Advisors Group LLC purchased a new stake in PowerShares Fin. Preferred Port. during the third quarter worth $246,000.

PGF opened at $17.74 on Monday. PowerShares Fin. Preferred Port. has a one year low of $17.67 and a one year high of $19.11.

The company also recently announced a monthly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Tuesday, October 23rd were given a dividend of $0.08 per share. The ex-dividend date was Monday, October 22nd. This represents a $0.96 dividend on an annualized basis and a yield of 5.41%.

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PowerShares Fin. Preferred Port. 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.

Further Reading: How to calculate the intrinsic value of a stock

Want to see what other hedge funds are holding PGF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares Fin. Preferred Port. (NYSEARCA:PGF).

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

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