PowerShares Preferred Portfolio(ETF) (PGX) Position Raised by B. Riley Financial Inc.
B. Riley Financial Inc. boosted its holdings in shares of PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX) by 24.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,425 shares of the company’s stock after purchasing an additional 9,898 shares during the period. B. Riley Financial Inc.’s holdings in PowerShares Preferred Portfolio(ETF) were worth $758,000 as of its most recent SEC filing.
Separately, Stifel Financial Corp boosted its position in PowerShares Preferred Portfolio(ETF) by 22.2% in the 3rd quarter. Stifel Financial Corp now owns 263,360 shares of the company’s stock valued at $3,977,000 after buying an additional 47,817 shares during the last quarter.
Shares of PowerShares Preferred Portfoli (NYSEARCA:PGX) traded down $0.00 on Wednesday, reaching $15.02. The company’s stock had a trading volume of 959,900 shares, compared to its average volume of 1,797,231. PowerShares Preferred Portfoli has a 52-week low of $13.96 and a 52-week high of $15.20.
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.
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