PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX) Stake Raised by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. increased its position in PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX) by 13.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 933,796 shares of the company’s stock after purchasing an additional 112,922 shares during the period. PowerShares Preferred Portfolio(ETF) makes up 6.0% of SRS Capital Advisors Inc.’s investment portfolio, making the stock its 7th largest holding. SRS Capital Advisors Inc. owned about 0.27% of PowerShares Preferred Portfolio(ETF) worth $13,876,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Belpointe Asset Management LLC lifted its stake in PowerShares Preferred Portfolio(ETF) by 18.2% during the 4th quarter. Belpointe Asset Management LLC now owns 25,469 shares of the company’s stock valued at $378,000 after acquiring an additional 3,914 shares in the last quarter. LPL Financial LLC lifted its stake in PowerShares Preferred Portfolio(ETF) by 13.5% during the 4th quarter. LPL Financial LLC now owns 3,813,436 shares of the company’s stock valued at $56,668,000 after acquiring an additional 454,189 shares in the last quarter. Covington Capital Management lifted its stake in PowerShares Preferred Portfolio(ETF) by 2.9% during the 4th quarter. Covington Capital Management now owns 566,480 shares of the company’s stock valued at $8,418,000 after acquiring an additional 15,898 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in PowerShares Preferred Portfolio(ETF) by 13.1% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 805,167 shares of the company’s stock valued at $11,966,000 after acquiring an additional 93,033 shares in the last quarter. Finally, Wolverine Trading LLC bought a new position in PowerShares Preferred Portfolio(ETF) during the 4th quarter valued at $2,147,000.

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Shares of PowerShares Preferred Portfolio(ETF) stock opened at $14.52 on Friday. PowerShares Preferred Portfoli has a 1 year low of $14.10 and a 1 year high of $15.20.

The firm also recently announced a monthly dividend, which was paid on Thursday, March 29th. Stockholders of record on Tuesday, March 20th were given a dividend of $0.0693 per share. This represents a $0.83 annualized dividend and a dividend yield of 5.73%. The ex-dividend date was Monday, March 19th.

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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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