Biltmore Wealth Management LLC reduced its holdings in shares of PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX) by 8.0% during the fourth quarter, HoldingsChannel reports. The firm owned 380,715 shares of the company’s stock after selling 33,107 shares during the period. PowerShares Preferred Portfolio(ETF) comprises 5.1% of Biltmore Wealth Management LLC’s portfolio, making the stock its 9th biggest holding. Biltmore Wealth Management LLC’s holdings in PowerShares Preferred Portfolio(ETF) were worth $5,657,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Bank of Montreal Can lifted its holdings in shares of PowerShares Preferred Portfolio(ETF) by 2.1% during the fourth quarter. Bank of Montreal Can now owns 5,334,129 shares of the company’s stock valued at $79,266,000 after purchasing an additional 109,325 shares in the last quarter. Creative Planning lifted its holdings in shares of PowerShares Preferred Portfolio(ETF) by 7.6% during the fourth quarter. Creative Planning now owns 2,699,619 shares of the company’s stock valued at $40,116,000 after purchasing an additional 191,160 shares in the last quarter. First Allied Advisory Services Inc. lifted its holdings in shares of PowerShares Preferred Portfolio(ETF) by 3.0% during the fourth quarter. First Allied Advisory Services Inc. now owns 1,277,762 shares of the company’s stock valued at $18,968,000 after purchasing an additional 37,168 shares in the last quarter. Camarda Financial Advisors LLC lifted its holdings in shares of PowerShares Preferred Portfolio(ETF) by 1.0% during the fourth quarter. Camarda Financial Advisors LLC now owns 993,924 shares of the company’s stock valued at $14,770,000 after purchasing an additional 9,962 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of PowerShares Preferred Portfolio(ETF) by 23.4% during the third quarter. SRS Capital Advisors Inc. now owns 820,874 shares of the company’s stock valued at $12,337,000 after purchasing an additional 155,889 shares in the last quarter.

PowerShares Preferred Portfoli (NYSEARCA PGX) opened at $14.35 on Thursday. PowerShares Preferred Portfoli has a 1-year low of $14.10 and a 1-year high of $15.20.

The firm also recently declared a monthly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 23rd were issued a dividend of $0.068 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date of this dividend 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.

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)

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