Davidson & Garrard Inc. maintained its position in PowerShares Fin. Preferred Port. (NYSE:PGF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,000 shares of the exchange traded fund’s stock at the end of the second quarter. Davidson & Garrard Inc.’s holdings in PowerShares Fin. Preferred Port. were worth $287,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PGF. Financial Advisors Network Inc. raised its position in PowerShares Fin. Preferred Port. by 3.1% in the second quarter. Financial Advisors Network Inc. now owns 192,522 shares of the exchange traded fund’s stock worth $3,677,000 after buying an additional 5,732 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in PowerShares Fin. Preferred Port. by 3.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 159,777 shares of the exchange traded fund’s stock worth $3,052,000 after buying an additional 5,874 shares in the last quarter. DT Investment Partners LLC raised its position in PowerShares Fin. Preferred Port. by 20.1% in the second quarter. DT Investment Partners LLC now owns 116,653 shares of the exchange traded fund’s stock worth $2,229,000 after buying an additional 19,499 shares in the last quarter. NewSquare Capital LLC raised its position in PowerShares Fin. Preferred Port. by 7.1% in the second quarter. NewSquare Capital LLC now owns 78,784 shares of the exchange traded fund’s stock worth $1,505,000 after buying an additional 5,198 shares in the last quarter. Finally, Aviance Capital Partners LLC raised its position in PowerShares Fin. Preferred Port. by 8.8% in the second quarter. Aviance Capital Partners LLC now owns 54,861 shares of the exchange traded fund’s stock worth $1,048,000 after buying an additional 4,429 shares in the last quarter.

PowerShares Fin. Preferred Port. (NYSE:PGF) opened at 18.96 on Tuesday. PowerShares Fin. Preferred Port. has a 1-year low of $17.65 and a 1-year high of $19.42. The firm has a 50-day moving average of $19.03 and a 200-day moving average of $18.87.

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th will be issued a $0.0842 dividend. This represents a $1.01 annualized dividend and a yield of 5.33%. The ex-dividend date is Tuesday, August 15th. This is a positive change from PowerShares Fin. Preferred Port.’s previous monthly dividend of $0.08.

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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.

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

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