Koshinski Asset Management Inc. Has $936,000 Position in PowerShares Preferred Portfolio(ETF) (PGX)

Koshinski Asset Management Inc. increased its stake in PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX) by 5.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 62,968 shares of the company’s stock after purchasing an additional 3,515 shares during the quarter. Koshinski Asset Management Inc.’s holdings in PowerShares Preferred Portfolio(ETF) were worth $936,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Belpointe Asset Management LLC bought a new position in PowerShares Preferred Portfolio(ETF) in the 3rd quarter worth approximately $324,000. Advisory Alpha LLC increased its position in PowerShares Preferred Portfolio(ETF) by 186.0% in the 3rd quarter. Advisory Alpha LLC now owns 24,386 shares of the company’s stock worth $364,000 after buying an additional 15,858 shares during the period. Wealthcare Advisory Partners LLC bought a new position in PowerShares Preferred Portfolio(ETF) in the 3rd quarter worth approximately $532,000. Sheets Smith Wealth Management increased its position in PowerShares Preferred Portfolio(ETF) by 10.2% in the 4th quarter. Sheets Smith Wealth Management now owns 47,712 shares of the company’s stock worth $709,000 after buying an additional 4,412 shares during the period. Finally, B. Riley Financial Inc. increased its position in PowerShares Preferred Portfolio(ETF) by 24.4% in the 3rd quarter. B. Riley Financial Inc. now owns 50,425 shares of the company’s stock worth $758,000 after buying an additional 9,898 shares during the period.

PowerShares Preferred Portfoli (PGX) opened at $14.74 on Thursday. PowerShares Preferred Portfoli has a 1 year low of $14.34 and a 1 year high of $15.20.

The firm also recently declared a monthly dividend, which was paid on Friday, December 29th. Shareholders of record on Tuesday, December 19th were given a $0.068 dividend. This represents a $0.82 annualized dividend and a yield of 5.54%. The ex-dividend date was Monday, December 18th.

TRADEMARK VIOLATION NOTICE: “Koshinski Asset Management Inc. Has $936,000 Position in PowerShares Preferred Portfolio(ETF) (PGX)” was reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.com-unik.info/2018/01/18/koshinski-asset-management-inc-has-936000-position-in-powershares-preferred-portfolioetf-pgx.html.

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.

Want to see what other hedge funds are holding PGX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX).

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

Receive News & Ratings for PowerShares Preferred Portfolio(ETF) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares Preferred Portfolio(ETF) and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit