Powershares Preferred Portfolio (PGX) Holdings Reduced by Stifel Financial Corp

Stifel Financial Corp lowered its holdings in Powershares Preferred Portfolio (NYSEARCA:PGX) by 28.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 227,465 shares of the company’s stock after selling 90,055 shares during the quarter. Stifel Financial Corp’s holdings in Powershares Preferred Portfolio were worth $3,313,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new stake in Powershares Preferred Portfolio in the fourth quarter valued at $2,802,000. Advantage Investment Management LLC lifted its holdings in Powershares Preferred Portfolio by 3.0% in the fourth quarter. Advantage Investment Management LLC now owns 294,945 shares of the company’s stock valued at $4,383,000 after acquiring an additional 8,630 shares during the period. SRS Capital Advisors Inc. lifted its holdings in Powershares Preferred Portfolio by 13.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 933,796 shares of the company’s stock valued at $13,876,000 after acquiring an additional 112,922 shares during the period. Navellier & Associates Inc acquired a new stake in Powershares Preferred Portfolio in the fourth quarter valued at $198,000. Finally, D.A. Davidson & CO. lifted its holdings in Powershares Preferred Portfolio by 6.0% in the fourth quarter. D.A. Davidson & CO. now owns 69,470 shares of the company’s stock valued at $1,032,000 after acquiring an additional 3,902 shares during the period.

Powershares Preferred Portfolio opened at $14.54 on Tuesday, Marketbeat Ratings reports. Powershares Preferred Portfolio has a one year low of $14.10 and a one year high of $15.20.

The firm also recently announced a monthly dividend, which will be paid on Friday, June 29th. Investors of record on Tuesday, June 19th will be paid a dividend of $0.067 per share. The ex-dividend date of this dividend is Monday, June 18th. This represents a $0.80 annualized dividend and a yield of 5.53%.

About Powershares Preferred Portfolio

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.

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

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