Advisory Alpha LLC Has $364,000 Position in PowerShares Preferred Portfolio(ETF) (PGX)

Advisory Alpha LLC increased its holdings in PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX) by 186.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,386 shares of the company’s stock after acquiring an additional 15,858 shares during the period. Advisory Alpha LLC’s holdings in PowerShares Preferred Portfolio(ETF) were worth $364,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. B. Riley Financial Inc. increased its stake in PowerShares Preferred Portfolio(ETF) by 24.4% in the 3rd quarter. B. Riley Financial Inc. now owns 50,425 shares of the company’s stock valued at $758,000 after buying an additional 9,898 shares during the last quarter. AlphaStar Capital Management LLC increased its stake in PowerShares Preferred Portfolio(ETF) by 3,538.6% in the 3rd quarter. AlphaStar Capital Management LLC now owns 217,808 shares of the company’s stock valued at $3,274,000 after buying an additional 211,822 shares during the last quarter. Stifel Financial Corp increased its stake in PowerShares Preferred Portfolio(ETF) by 22.2% in the 3rd quarter. Stifel Financial Corp now owns 263,360 shares of the company’s stock valued at $3,977,000 after buying an additional 47,817 shares during the last quarter. Advantage Investment Management LLC increased its stake in PowerShares Preferred Portfolio(ETF) by 3.4% in the 3rd quarter. Advantage Investment Management LLC now owns 286,315 shares of the company’s stock valued at $4,303,000 after buying an additional 9,302 shares during the last quarter. Finally, Apriem Advisors purchased a new stake in PowerShares Preferred Portfolio(ETF) in the 3rd quarter valued at about $5,264,000.

PowerShares Preferred Portfoli (NYSEARCA PGX) traded down $0.07 during trading hours on Wednesday, reaching $14.96. 1,252,000 shares of the company’s stock traded hands, compared to its average volume of 1,788,463. PowerShares Preferred Portfoli has a 52-week low of $13.96 and a 52-week high of $15.20.

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 30th. Shareholders of record on Tuesday, November 21st were paid a $0.0681 dividend. The ex-dividend date of this dividend was Monday, November 20th. This represents a $0.82 annualized dividend and a yield of 5.47%.

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PowerShares Preferred Portfolio(ETF) Company 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.

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

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