Rand Wealth LLC reduced its holdings in shares of PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX) by 18.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,785 shares of the company’s stock after selling 4,000 shares during the period. Rand Wealth LLC’s holdings in PowerShares Preferred Portfolio(ETF) were worth $264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of Montreal Can increased its stake in PowerShares Preferred Portfolio(ETF) by 2.1% during the 4th quarter. Bank of Montreal Can now owns 5,334,129 shares of the company’s stock worth $79,266,000 after buying an additional 109,325 shares during the period. Creative Planning increased its stake in PowerShares Preferred Portfolio(ETF) by 7.6% during the 4th quarter. Creative Planning now owns 2,699,619 shares of the company’s stock worth $40,116,000 after buying an additional 191,160 shares during the period. First Allied Advisory Services Inc. increased its stake in PowerShares Preferred Portfolio(ETF) by 1.8% during the 3rd quarter. First Allied Advisory Services Inc. now owns 1,240,594 shares of the company’s stock worth $18,629,000 after buying an additional 22,468 shares during the period. SRS Capital Advisors Inc. increased its stake in PowerShares Preferred Portfolio(ETF) by 23.4% during the 3rd quarter. SRS Capital Advisors Inc. now owns 820,874 shares of the company’s stock worth $12,337,000 after buying an additional 155,889 shares during the period. Finally, Columbus Macro LLC purchased a new stake in PowerShares Preferred Portfolio(ETF) during the 4th quarter worth approximately $11,519,000.

PowerShares Preferred Portfoli (PGX) opened at $14.32 on Wednesday. PowerShares Preferred Portfoli has a twelve month low of $14.10 and a twelve month high of $15.20.

The company also recently declared a monthly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Tuesday, January 23rd were issued a dividend of $0.068 per share. This represents a $0.82 annualized dividend and a yield of 5.70%. The ex-dividend date was Monday, January 22nd.

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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.

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Institutional Ownership by Quarter for PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX)

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