Cahill Financial Advisors Inc. increased its stake in shares of PowerShares Fin. Preferred Port. (NYSEARCA:PGF) by 17.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 20,450 shares of the exchange traded fund’s stock after purchasing an additional 3,000 shares during the period. Cahill Financial Advisors Inc.’s holdings in PowerShares Fin. Preferred Port. were worth $388,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of PGF. Captrust Financial Advisors lifted its holdings 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 worth $356,000 after purchasing an additional 14,700 shares in the last quarter. Pinebridge Investments L.P. purchased a new stake in PowerShares Fin. Preferred Port. during the 3rd quarter worth about $1,136,000. Finally, Asset Management One Co. Ltd. lifted its holdings in PowerShares Fin. Preferred Port. by 22.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 467,100 shares of the exchange traded fund’s stock worth $8,861,000 after purchasing an additional 84,400 shares in the last quarter.

Several research firms have weighed in on PGF. Royal Bank Of Canada reaffirmed a “hold” rating on shares of PowerShares Fin. Preferred Port. in a report on Monday, September 18th. Canaccord Genuity reaffirmed a “sell” rating on shares of PowerShares Fin. Preferred Port. in a report on Thursday, October 19th.

PowerShares Fin. Preferred Port. (NYSEARCA:PGF) traded up $0.01 during trading hours on Friday, hitting $19.09. The company’s stock had a trading volume of 264,071 shares, compared to its average volume of 312,055. PowerShares Fin. Preferred Port. has a 1 year low of $17.65 and a 1 year high of $19.17.

The firm also recently declared a monthly dividend, which was paid on Thursday, November 30th. Shareholders of record on Tuesday, November 21st were issued a $0.0839 dividend. The ex-dividend date of this dividend was Monday, November 20th. This represents a $1.01 annualized dividend and a dividend yield of 5.27%. PowerShares Fin. Preferred Port.’s payout ratio is currently 66.89%.

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About PowerShares Fin. Preferred Port.

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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