Advisor Group Inc. decreased its stake in PowerShares High Yld. Dividend Achv(ETF) (NYSE:PEY) by 15.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,004 shares of the company’s stock after selling 8,261 shares during the period. Advisor Group Inc.’s holdings in PowerShares High Yld. Dividend Achv(ETF) were worth $741,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in PEY. Bank of New York Mellon Corp raised its position in PowerShares High Yld. Dividend Achv(ETF) by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 11,789 shares of the company’s stock worth $198,000 after acquiring an additional 398 shares during the period. Barnett & Company Inc. grew its position in shares of PowerShares High Yld. Dividend Achv(ETF) by 88.1% during the 2nd quarter. Barnett & Company Inc. now owns 13,825 shares of the company’s stock valued at $233,000 after acquiring an additional 6,475 shares during the period. Honkamp Krueger Financial Services Inc. bought a new position in shares of PowerShares High Yld. Dividend Achv(ETF) during the 2nd quarter valued at approximately $260,000. NTV Asset Management LLC grew its position in shares of PowerShares High Yld. Dividend Achv(ETF) by 1.6% during the 2nd quarter. NTV Asset Management LLC now owns 17,930 shares of the company’s stock valued at $301,000 after acquiring an additional 275 shares during the period. Finally, Citigroup Inc. grew its position in shares of PowerShares High Yld. Dividend Achv(ETF) by 18.7% during the 2nd quarter. Citigroup Inc. now owns 18,028 shares of the company’s stock valued at $303,000 after acquiring an additional 2,835 shares during the period.

Shares of PowerShares High Yld. Dividend Ach (PEY) opened at 17.20 on Wednesday. The stock’s 50 day moving average is $16.90 and its 200 day moving average is $16.91. PowerShares High Yld. Dividend Ach has a 52 week low of $15.17 and a 52 week high of $17.46.

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were given a dividend of $0.0495 per share. The ex-dividend date was Monday, September 18th. This is a boost from PowerShares High Yld. Dividend Achv(ETF)’s previous monthly dividend of $0.05. This represents a $0.59 annualized dividend and a dividend yield of 3.45%.

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PowerShares High Yld. Dividend Achv(ETF) Company Profile

PowerShares High Yield Equity Dividend Achiever Portfolio (the Fund) is based on the Mergent Dividend Achiever 50 Index (the Index). The Fund focuses to invest at least 90% of its total assets in dividend paying common stocks, which comprise the Index. The Index is comprised of 50 stocks selected principally on the basis of dividend yield and consistent growth in dividends.

Institutional Ownership by Quarter for PowerShares High Yld. Dividend Achv(ETF) (NYSE:PEY)

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