Janney Montgomery Scott LLC Raises Position in PowerShares Fin. Preferred Port. (PGF)
Janney Montgomery Scott LLC boosted its stake in shares of PowerShares Fin. Preferred Port. (NYSE:PGF) by 15.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,067 shares of the exchange traded fund’s stock after buying an additional 3,079 shares during the period. Janney Montgomery Scott LLC’s holdings in PowerShares Fin. Preferred Port. were worth $441,000 at the end of the most recent quarter.
Separately, Aviance Capital Partners LLC increased its stake in PowerShares Fin. Preferred Port. by 8.8% in the second quarter. Aviance Capital Partners LLC now owns 54,861 shares of the exchange traded fund’s stock valued at $1,048,000 after buying an additional 4,429 shares during the last quarter.
Shares of PowerShares Fin. Preferred Port. (PGF) opened at 18.92 on Monday. The stock has a 50 day moving average price of $19.06 and a 200 day moving average price of $18.85. PowerShares Fin. Preferred Port. has a 12-month low of $17.65 and a 12-month high of $19.42.
The company also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be paid a $0.0842 dividend. This represents a $1.01 dividend on an annualized basis and a yield of 5.34%. This is an increase from PowerShares Fin. Preferred Port.’s previous monthly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, August 15th.
COPYRIGHT VIOLATION NOTICE: “Janney Montgomery Scott LLC Raises Position in PowerShares Fin. Preferred Port. (PGF)” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international copyright legislation. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/08/21/janney-montgomery-scott-llc-raises-position-in-powershares-fin-preferred-port-pgf.html.
PowerShares Fin. Preferred Port. Company 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.
Want to see what other hedge funds are holding PGF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares Fin. Preferred Port. (NYSE:PGF).
Receive News & Stock Ratings for PowerShares Fin. Preferred Port. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares Fin. Preferred Port. and related stocks with our FREE daily email newsletter.