Northwestern Mutual Wealth Management Co. grew its stake in PowerShares Fundamentl Pr Md Grwth Prtfl (BMV:PXMG) by 1,371.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,900 shares of the company’s stock after buying an additional 22,276 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in PowerShares Fundamentl Pr Md Grwth Prtfl were worth $1,352,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in shares of PowerShares Fundamentl Pr Md Grwth Prtfl by 19.9% in the 1st quarter. Wells Fargo & Company MN now owns 426,692 shares of the company’s stock valued at $24,138,000 after purchasing an additional 70,942 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of PowerShares Fundamentl Pr Md Grwth Prtfl by 353.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 270,871 shares of the company’s stock valued at $15,323,000 after purchasing an additional 211,200 shares in the last quarter. Raymond James & Associates boosted its stake in shares of PowerShares Fundamentl Pr Md Grwth Prtfl by 424.2% in the 1st quarter. Raymond James & Associates now owns 191,000 shares of the company’s stock valued at $10,805,000 after purchasing an additional 154,561 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of PowerShares Fundamentl Pr Md Grwth Prtfl in the 1st quarter valued at $6,605,000. Finally, Advisor Group Inc. boosted its stake in shares of PowerShares Fundamentl Pr Md Grwth Prtfl by 59.3% in the 1st quarter. Advisor Group Inc. now owns 109,893 shares of the company’s stock valued at $6,217,000 after purchasing an additional 40,904 shares in the last quarter.

Shares of PXMG opened at $54.60 on Tuesday. PowerShares Fundamentl Pr Md Grwth Prtfl has a twelve month low of $33.31 and a twelve month high of $47.84.

WARNING: “Northwestern Mutual Wealth Management Co. Grows Holdings in PowerShares Fundamentl Pr Md Grwth Prtfl (PXMG)” was posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://www.watchlistnews.com/northwestern-mutual-wealth-management-co-grows-holdings-in-powershares-fundamentl-pr-md-grwth-prtfl-pxmg/3031225.html.

Recommended Story: Moving Average Convergence Divergence (MACD)

Want to see what other hedge funds are holding PXMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares Fundamentl Pr Md Grwth Prtfl (BMV:PXMG).

Institutional Ownership by Quarter for PowerShares Fundamentl Pr Md Grwth Prtfl (BMV:PXMG)

Receive News & Ratings for PowerShares Fundamentl Pr Md Grwth Prtfl Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares Fundamentl Pr Md Grwth Prtfl and related companies with MarketBeat.com's FREE daily email newsletter.