Private Advisor Group LLC Sells 49,861 Shares of PowerShares Fin. Preferred Port. (PGF)

Private Advisor Group LLC lowered its holdings in shares of PowerShares Fin. Preferred Port. (NYSEARCA:PGF) by 36.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 86,810 shares of the exchange traded fund’s stock after selling 49,861 shares during the period. Private Advisor Group LLC owned about 0.10% of PowerShares Fin. Preferred Port. worth $1,631,000 as of its most recent filing with the SEC.

Separately, Captrust Financial Advisors boosted its position in PowerShares Fin. Preferred Port. by 361.3% during the 3rd quarter. Captrust Financial Advisors now owns 18,769 shares of the exchange traded fund’s stock valued at $356,000 after buying an additional 14,700 shares during the period.

PowerShares Fin. Preferred Port. (PGF) traded up $0.04 during trading hours on Thursday, hitting $19.08. 184,200 shares of the stock traded hands, compared to its average volume of 312,751. PowerShares Fin. Preferred Port. has a 12-month low of $17.65 and a 12-month high of $19.17.

The firm also recently declared a monthly dividend, which was paid on Thursday, November 30th. Investors of record on Tuesday, November 21st were paid a $0.0839 dividend. The ex-dividend date was Monday, November 20th. This represents a $1.01 annualized dividend and a dividend yield of 5.28%. PowerShares Fin. Preferred Port.’s payout ratio is 66.89%.

PGF has been the subject of several research analyst reports. Canaccord Genuity reaffirmed a “sell” rating on shares of PowerShares Fin. Preferred Port. in a research report on Sunday, November 5th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of PowerShares Fin. Preferred Port. in a research report on Monday, October 23rd.

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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.

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

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