D.A. Davidson & CO. Purchases 3,902 Shares of PowerShares Preferred Portfolio(ETF) (PGX)

D.A. Davidson & CO. raised its position in PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,470 shares of the company’s stock after purchasing an additional 3,902 shares during the quarter. D.A. Davidson & CO.’s holdings in PowerShares Preferred Portfolio(ETF) were worth $1,032,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First American Bank acquired a new stake in shares of PowerShares Preferred Portfolio(ETF) in the fourth quarter valued at about $154,000. IFG Advisory LLC acquired a new stake in shares of PowerShares Preferred Portfolio(ETF) in the fourth quarter valued at about $333,000. Valicenti Advisory Services Inc. increased its position in shares of PowerShares Preferred Portfolio(ETF) by 50.8% in the fourth quarter. Valicenti Advisory Services Inc. now owns 16,925 shares of the company’s stock valued at $252,000 after acquiring an additional 5,700 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of PowerShares Preferred Portfolio(ETF) by 32.6% in the fourth quarter. Park Avenue Securities LLC now owns 17,730 shares of the company’s stock valued at $261,000 after acquiring an additional 4,360 shares during the last quarter. Finally, Belpointe Asset Management LLC acquired a new stake in shares of PowerShares Preferred Portfolio(ETF) in the third quarter valued at about $324,000.

Shares of PowerShares Preferred Portfoli (PGX) opened at $14.41 on Thursday. PowerShares Preferred Portfoli has a 12-month low of $14.10 and a 12-month high of $15.20.

The business also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 21st will be given a $0.0694 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 5.78%. This is an increase from PowerShares Preferred Portfolio(ETF)’s previous monthly dividend of $0.07.

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PowerShares Preferred Portfolio(ETF) Profile

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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