Coastline Trust Co lowered its stake in shares of PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX) by 11.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 276,120 shares of the company’s stock after selling 36,110 shares during the period. Coastline Trust Co owned approximately 0.08% of PowerShares Preferred Portfolio(ETF) worth $4,150,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PGX. Belpointe Asset Management LLC acquired a new stake in PowerShares Preferred Portfolio(ETF) during the 3rd quarter worth approximately $324,000. Advisory Alpha LLC lifted its holdings in PowerShares Preferred Portfolio(ETF) by 186.0% during the 3rd quarter. Advisory Alpha LLC now owns 24,386 shares of the company’s stock worth $364,000 after buying an additional 15,858 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in PowerShares Preferred Portfolio(ETF) during the 3rd quarter worth approximately $532,000. B. Riley Financial Inc. lifted its holdings in PowerShares Preferred Portfolio(ETF) by 24.4% during the 3rd quarter. B. Riley Financial Inc. now owns 50,425 shares of the company’s stock worth $758,000 after buying an additional 9,898 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in PowerShares Preferred Portfolio(ETF) by 20.0% during the 3rd quarter. Cetera Investment Advisers now owns 142,491 shares of the company’s stock worth $2,140,000 after buying an additional 23,738 shares in the last quarter.

PowerShares Preferred Portfoli (NYSEARCA:PGX) traded up $0.04 during trading on Thursday, reaching $15.00. 1,802,300 shares of the company’s stock were exchanged, compared to its average volume of 1,788,521. PowerShares Preferred Portfoli has a 12 month low of $13.96 and a 12 month high of $15.20.

The firm also recently announced a monthly dividend, which was paid on Thursday, November 30th. Shareholders of record on Tuesday, November 21st were issued a dividend of $0.0681 per share. The ex-dividend date of this dividend was Monday, November 20th. This represents a $0.82 dividend on an annualized basis and a yield of 5.45%.

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About PowerShares Preferred Portfolio(ETF)

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.

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

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