Raymond James & Associates Acquires 4,716 Shares of PowerShares Preferred Portfolio(ETF) (PXF)

Raymond James & Associates increased its holdings in shares of PowerShares Preferred Portfolio(ETF) (NYSEARCA:PXF) by 15.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 34,439 shares of the company’s stock after buying an additional 4,716 shares during the quarter. Raymond James & Associates’ holdings in PowerShares Preferred Portfolio(ETF) were worth $1,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of PXF. Advisor Group Inc. lifted its stake in shares of PowerShares Preferred Portfolio(ETF) by 79.6% in the 4th quarter. Advisor Group Inc. now owns 4,273 shares of the company’s stock worth $194,000 after acquiring an additional 1,894 shares during the period. FinTrust Investment Advisory Services LLC acquired a new stake in shares of PowerShares Preferred Portfolio(ETF) in the 4th quarter worth $204,000. HC Financial Advisors Inc. acquired a new stake in shares of PowerShares Preferred Portfolio(ETF) in the 4th quarter worth $470,000. Tillar Wenstrup Advisors LLC acquired a new stake in shares of PowerShares Preferred Portfolio(ETF) in the 4th quarter worth $507,000. Finally, Chilton Capital Management LLC lifted its stake in shares of PowerShares Preferred Portfolio(ETF) by 30.0% in the 4th quarter. Chilton Capital Management LLC now owns 15,464 shares of the company’s stock worth $702,000 after acquiring an additional 3,570 shares during the period.

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PXF stock opened at $45.57 on Monday. PowerShares Preferred Portfoli has a one year low of $39.16 and a one year high of $48.75.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Tuesday, March 20th were issued a $0.1184 dividend. The ex-dividend date of this dividend was Monday, March 19th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 1.04%.

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About PowerShares Preferred Portfolio(ETF)

PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio (the Fund) is based on the FTSE RAFI Developed Markets ex-U.S. Index (the Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depositary Receipts (ADRs) based on the securities in the Index.

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

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

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