PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX) is Newman Dignan & Sheerar Inc.’s 9th Largest Position

Newman Dignan & Sheerar Inc. raised its holdings in shares of PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 303,235 shares of the company’s stock after acquiring an additional 5,989 shares during the period. PowerShares Preferred Portfolio(ETF) comprises approximately 2.3% of Newman Dignan & Sheerar Inc.’s portfolio, making the stock its 9th biggest holding. Newman Dignan & Sheerar Inc. owned about 0.09% of PowerShares Preferred Portfolio(ETF) worth $4,506,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. First American Bank bought a new position in PowerShares Preferred Portfolio(ETF) during the fourth quarter valued at approximately $154,000. Valicenti Advisory Services Inc. grew its position in PowerShares Preferred Portfolio(ETF) by 50.8% during the fourth quarter. Valicenti Advisory Services Inc. now owns 16,925 shares of the company’s stock valued at $252,000 after acquiring an additional 5,700 shares during the last quarter. Belpointe Asset Management LLC bought a new position in shares of PowerShares Preferred Portfolio(ETF) in the third quarter worth approximately $324,000. Prospera Financial Services Inc grew its holdings in shares of PowerShares Preferred Portfolio(ETF) by 24.7% in the fourth quarter. Prospera Financial Services Inc now owns 23,626 shares of the company’s stock worth $350,000 after purchasing an additional 4,674 shares during the last quarter. Finally, Advisory Alpha LLC grew its holdings in shares of PowerShares Preferred Portfolio(ETF) by 186.0% in the third quarter. Advisory Alpha LLC now owns 24,386 shares of the company’s stock worth $364,000 after purchasing an additional 15,858 shares during the last quarter.

Shares of PowerShares Preferred Portfoli (PGX) remained flat at $$14.39 during trading on Tuesday. The company had a trading volume of 234,727 shares, compared to its average volume of 3,141,506. PowerShares Preferred Portfoli has a 52-week low of $14.10 and a 52-week high of $15.20.

The company also recently announced a monthly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 23rd were issued a $0.068 dividend. This represents a $0.82 annualized dividend and a dividend yield of 5.67%. The ex-dividend date of this dividend 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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