Asset Management One Co. Ltd. increased its position in PowerShares Fin. Preferred Port. (NYSEARCA:PGF) by 22.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 467,100 shares of the exchange traded fund’s stock after purchasing an additional 84,400 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.53% of PowerShares Fin. Preferred Port. worth $8,861,000 as of its most recent SEC filing.
Separately, Pinebridge Investments L.P. acquired a new position in shares of PowerShares Fin. Preferred Port. during the 3rd quarter worth about $1,136,000.
PowerShares Fin. Preferred Port. (NYSEARCA PGF) traded down $0.11 during trading hours on Monday, hitting $18.89. The stock had a trading volume of 413,200 shares, compared to its average volume of 311,390. PowerShares Fin. Preferred Port. has a fifty-two week low of $17.75 and a fifty-two week high of $19.17.
Several equities analysts have recently issued reports on the company. Canaccord Genuity restated a “sell” rating on shares of PowerShares Fin. Preferred Port. in a research report on Sunday, November 5th. Royal Bank of Canada restated a “hold” rating on shares of PowerShares Fin. Preferred Port. in a research report on Monday, October 23rd.
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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.
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