Global Financial Private Capital LLC Purchases 26,342 Shares of PowerShares Preferred Portfolio(ETF) (PGX)

Global Financial Private Capital LLC raised its position in PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX) by 121.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,102 shares of the company’s stock after purchasing an additional 26,342 shares during the period. Global Financial Private Capital LLC’s holdings in PowerShares Preferred Portfolio(ETF) were worth $715,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. First American Bank purchased a new position in PowerShares Preferred Portfolio(ETF) in the 4th quarter valued at about $154,000. IFG Advisory LLC purchased a new position in PowerShares Preferred Portfolio(ETF) in the 4th quarter valued at about $333,000. Valicenti Advisory Services Inc. lifted its holdings in PowerShares Preferred Portfolio(ETF) by 50.8% in the 4th quarter. Valicenti Advisory Services Inc. now owns 16,925 shares of the company’s stock valued at $252,000 after purchasing an additional 5,700 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in PowerShares Preferred Portfolio(ETF) by 32.6% in the 4th quarter. Park Avenue Securities LLC now owns 17,730 shares of the company’s stock valued at $261,000 after purchasing an additional 4,360 shares in the last quarter. Finally, Belpointe Asset Management LLC purchased a new position in PowerShares Preferred Portfolio(ETF) in the 3rd quarter valued at about $324,000.

PowerShares Preferred Portfoli (PGX) opened at $14.41 on Monday. PowerShares Preferred Portfoli has a one year low of $14.10 and a one year high of $15.20.

The business also recently disclosed a monthly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 23rd were paid a dividend of $0.068 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date was Monday, January 22nd.

COPYRIGHT VIOLATION WARNING: This news story was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://stocknewstimes.com/2018/02/19/global-financial-private-capital-llc-purchases-26342-shares-of-powershares-preferred-portfolioetf-pgx.html.

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.

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

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

Receive News & Ratings for PowerShares Preferred Portfolio(ETF) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares Preferred Portfolio(ETF) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply