PowerShares Fin. Preferred Port. (NYSE:PGF)‘s stock had its “sell” rating reaffirmed by stock analysts at Canaccord Genuity in a research note issued to investors on Friday.

Separately, Royal Bank Of Canada reissued a “hold” rating on shares of PowerShares Fin. Preferred Port. in a research note on Monday, September 18th.

Shares of PowerShares Fin. Preferred Port. (NYSE:PGF) traded down 0.0296% during midday trading on Friday, reaching $18.9244. The company’s stock had a trading volume of 59,438 shares. PowerShares Fin. Preferred Port. has a 12 month low of $17.65 and a 12 month high of $19.17. The stock has a 50-day moving average of $18.96 and a 200 day moving average of $18.98.

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A number of large investors have recently bought and sold shares of PGF. Aviance Capital Partners LLC grew 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 acquiring an additional 4,429 shares during the period. DT Investment Partners LLC grew its stake in PowerShares Fin. Preferred Port. by 20.1% in the second quarter. DT Investment Partners LLC now owns 116,653 shares of the exchange traded fund’s stock valued at $2,229,000 after acquiring an additional 19,499 shares during the period. Janney Montgomery Scott LLC grew its stake in PowerShares Fin. Preferred Port. by 15.4% in the second quarter. Janney Montgomery Scott LLC now owns 23,067 shares of the exchange traded fund’s stock valued at $441,000 after acquiring an additional 3,079 shares during the period. Stratos Wealth Partners LTD. acquired a new position in PowerShares Fin. Preferred Port. in the second quarter valued at about $469,000. Finally, Endurance Wealth Management Inc. grew its stake in PowerShares Fin. Preferred Port. by 3.0% in the second quarter. Endurance Wealth Management Inc. now owns 23,030 shares of the exchange traded fund’s stock valued at $440,000 after acquiring an additional 660 shares during the period.

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.

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