SignalPoint Asset Management LLC Has $1.95 Million Position in PowerShares Fin. Preferred Port. (NYSE:PGF)

SignalPoint Asset Management LLC increased its stake in shares of PowerShares Fin. Preferred Port. (NYSE:PGF) by 0.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,005 shares of the exchange traded fund’s stock after buying an additional 15 shares during the period. SignalPoint Asset Management LLC’s holdings in PowerShares Fin. Preferred Port. were worth $1,949,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PGF. Lakeview Capital Partners LLC boosted its stake in shares of PowerShares Fin. Preferred Port. by 20.6% in the second quarter. Lakeview Capital Partners LLC now owns 19,300 shares of the exchange traded fund’s stock valued at $369,000 after buying an additional 3,300 shares during the last quarter. Endurance Wealth Management Inc. boosted its stake in shares of 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 buying an additional 660 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of PowerShares Fin. Preferred Port. during the second quarter valued at about $469,000. Janney Montgomery Scott LLC boosted its stake in shares of 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 buying an additional 3,079 shares during the last quarter. Finally, DT Investment Partners LLC boosted its stake in shares of 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 buying an additional 19,499 shares during the last quarter.

Shares of PowerShares Fin. Preferred Port. (NYSE:PGF) opened at 19.125 on Tuesday. The firm has a 50-day moving average price of $19.07 and a 200 day moving average price of $18.79. PowerShares Fin. Preferred Port. has a one year low of $17.65 and a one year high of $19.56.

The business also recently declared a monthly dividend, which was paid on Monday, July 31st. Stockholders of record on Tuesday, July 18th were issued a $0.0842 dividend. This represents a $1.01 dividend on an annualized basis and a dividend yield of 5.28%. This is a boost from PowerShares Fin. Preferred Port.’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Friday, July 14th.

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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.

Institutional Ownership by Quarter for PowerShares Fin. Preferred Port. (NYSE:PGF)

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