SignalPoint Asset Management LLC reduced its stake in PowerShares Fin. Preferred Port. (NYSE:PGF) by 62.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,553 shares of the exchange traded fund’s stock after selling 63,452 shares during the period. SignalPoint Asset Management LLC’s holdings in PowerShares Fin. Preferred Port. were worth $731,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC boosted its position in shares of PowerShares Fin. Preferred Port. by 0.3% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 16,269 shares of the exchange traded fund’s stock worth $311,000 after purchasing an additional 46 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of PowerShares Fin. Preferred Port. by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,650 shares of the exchange traded fund’s stock worth $222,000 after purchasing an additional 255 shares during the last quarter. Endurance Wealth Management Inc. boosted its position in shares of PowerShares Fin. Preferred Port. by 3.0% in the 2nd quarter. Endurance Wealth Management Inc. now owns 23,030 shares of the exchange traded fund’s stock worth $440,000 after purchasing an additional 660 shares during the last quarter. Sii Investments Inc. WI boosted its position in shares of PowerShares Fin. Preferred Port. by 5.7% in the 2nd quarter. Sii Investments Inc. WI now owns 14,039 shares of the exchange traded fund’s stock worth $269,000 after purchasing an additional 763 shares during the last quarter. Finally, Pinnacle Associates Ltd. boosted its position in shares of PowerShares Fin. Preferred Port. by 1.4% in the 2nd quarter. Pinnacle Associates Ltd. now owns 61,675 shares of the exchange traded fund’s stock worth $1,178,000 after purchasing an additional 850 shares during the last quarter.

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 24th were issued a dividend of $0.0841 per share. The ex-dividend date was Monday, October 23rd. This represents a $1.01 dividend on an annualized basis and a yield of 5.34%.

Several research analysts have weighed in on the company. Royal Bank Of Canada reiterated a “hold” rating on shares of PowerShares Fin. Preferred Port. in a report on Monday, October 23rd. Canaccord Genuity reiterated a “sell” rating on shares of PowerShares Fin. Preferred Port. in a report on Thursday, October 19th.

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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. (NYSE:PGF)

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