Wolverine Trading LLC lifted its position in PowerShares Fin. Preferred Port. (NYSEARCA:PGF) by 590.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,549 shares of the exchange traded fund’s stock after buying an additional 89,749 shares during the quarter. Wolverine Trading LLC owned approximately 0.09% of PowerShares Fin. Preferred Port. worth $1,414,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cedar Hill Associates LLC purchased a new stake in PowerShares Fin. Preferred Port. in the third quarter valued at approximately $210,000. Captrust Financial Advisors raised its stake in PowerShares Fin. Preferred Port. by 361.3% in the third quarter. Captrust Financial Advisors now owns 18,769 shares of the exchange traded fund’s stock valued at $356,000 after purchasing an additional 14,700 shares in the last quarter. Cahill Financial Advisors Inc. raised its stake in PowerShares Fin. Preferred Port. by 17.2% in the third quarter. Cahill Financial Advisors Inc. now owns 20,450 shares of the exchange traded fund’s stock valued at $388,000 after purchasing an additional 3,000 shares in the last quarter. Pinebridge Investments L.P. purchased a new stake in PowerShares Fin. Preferred Port. in the third quarter valued at approximately $1,136,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in PowerShares Fin. Preferred Port. by 48.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 122,761 shares of the exchange traded fund’s stock valued at $2,330,000 after purchasing an additional 40,261 shares in the last quarter.

PGF has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “hold” rating on shares of PowerShares Fin. Preferred Port. in a research note on Monday, September 18th. Canaccord Genuity reaffirmed a “sell” rating on shares of PowerShares Fin. Preferred Port. in a research note on Friday, October 13th.

Shares of PowerShares Fin. Preferred Port. (PGF) traded down $0.03 on Tuesday, reaching $19.06. 167,700 shares of the company were exchanged, compared to its average volume of 311,449. PowerShares Fin. Preferred Port. has a 1-year low of $17.65 and a 1-year high of $19.17.

The business also recently announced a monthly dividend, which was paid on Thursday, November 30th. Investors of record on Tuesday, November 21st were paid a $0.0839 dividend. This represents a $1.01 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date was Monday, November 20th. PowerShares Fin. Preferred Port.’s dividend payout ratio is currently 66.89%.

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PowerShares Fin. Preferred Port. Profile

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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