Appleton Partners Inc. MA Has $4.35 Million Position in PowerShares Fin. Preferred Port. (PGF)

Appleton Partners Inc. MA lifted its position in PowerShares Fin. Preferred Port. (NYSEARCA:PGF) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,534 shares of the exchange traded fund’s stock after buying an additional 3,880 shares during the quarter. Appleton Partners Inc. MA owned about 0.26% of PowerShares Fin. Preferred Port. worth $4,350,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. boosted its position in PowerShares Fin. Preferred Port. by 22.1% during the third quarter. Asset Management One Co. Ltd. now owns 467,100 shares of the exchange traded fund’s stock worth $8,861,000 after purchasing an additional 84,400 shares during the period. North Star Investment Management Corp. boosted its position in PowerShares Fin. Preferred Port. by 10.4% during the fourth quarter. North Star Investment Management Corp. now owns 267,481 shares of the exchange traded fund’s stock worth $5,047,000 after purchasing an additional 25,149 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in PowerShares Fin. Preferred Port. by 48.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 122,761 shares of the exchange traded fund’s stock worth $2,330,000 after purchasing an additional 40,261 shares during the period. Cetera Advisor Networks LLC boosted its position in PowerShares Fin. Preferred Port. by 6.5% during the third quarter. Cetera Advisor Networks LLC now owns 104,774 shares of the exchange traded fund’s stock worth $1,985,000 after purchasing an additional 6,411 shares during the period. Finally, Wolverine Trading LLC boosted its position in PowerShares Fin. Preferred Port. by 590.5% during the third quarter. Wolverine Trading LLC now owns 74,549 shares of the exchange traded fund’s stock worth $1,414,000 after purchasing an additional 89,749 shares during the period.

PowerShares Fin. Preferred Port. (NYSEARCA:PGF) traded down $0.04 on Friday, hitting $18.75. The stock had a trading volume of 209,000 shares, compared to its average volume of 409,375. PowerShares Fin. Preferred Port. has a 12 month low of $18.07 and a 12 month high of $19.17. The firm has a market capitalization of $1,650.00 and a P/E ratio of 12.42.

The company also recently announced a monthly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 19th were issued a dividend of $0.088 per share. The ex-dividend date was Monday, December 18th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 5.63%. This is an increase from PowerShares Fin. Preferred Port.’s previous monthly dividend of $0.08. PowerShares Fin. Preferred Port.’s dividend payout ratio (DPR) is currently 66.23%.

A number of research firms have commented on PGF. Royal Bank of Canada reaffirmed a “hold” rating on shares of PowerShares Fin. Preferred Port. in a research report on Monday, September 18th. Canaccord Genuity reaffirmed a “sell” rating on shares of PowerShares Fin. Preferred Port. in a research report on Thursday, October 19th.

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About PowerShares Fin. Preferred Port.

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. (NYSEARCA:PGF)

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