Cambridge Investment Research Advisors Inc. Has $2.07 Million Position in PowerShares High Yld. Dividend Achv(ETF) (PEY)

Cambridge Investment Research Advisors Inc. cut its holdings in shares of PowerShares High Yld. Dividend Achv(ETF) (NASDAQ:PEY) by 27.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,934 shares of the company’s stock after selling 46,608 shares during the quarter. Cambridge Investment Research Advisors Inc. owned about 0.24% of PowerShares High Yld. Dividend Achv(ETF) worth $2,074,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Bouchey Financial Group Ltd grew its position in shares of PowerShares High Yld. Dividend Achv(ETF) by 3.2% in the third quarter. Bouchey Financial Group Ltd now owns 727,946 shares of the company’s stock valued at $12,484,000 after purchasing an additional 22,648 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of PowerShares High Yld. Dividend Achv(ETF) by 84.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 312,909 shares of the company’s stock worth $5,263,000 after purchasing an additional 143,581 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of PowerShares High Yld. Dividend Achv(ETF) by 0.3% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 269,033 shares of the company’s stock worth $4,528,000 after purchasing an additional 820 shares in the last quarter. Suntrust Banks Inc. bought a new position in PowerShares High Yld. Dividend Achv(ETF) in the 2nd quarter valued at approximately $4,340,000. Finally, Susquehanna International Group LLP lifted its position in PowerShares High Yld. Dividend Achv(ETF) by 14.8% in the 2nd quarter. Susquehanna International Group LLP now owns 196,863 shares of the company’s stock valued at $3,313,000 after acquiring an additional 25,412 shares in the last quarter.

PowerShares High Yld. Dividend Ach (NASDAQ:PEY) traded up $0.17 during midday trading on Monday, hitting $17.99. The stock had a trading volume of 101,211 shares, compared to its average volume of 250,005. PowerShares High Yld. Dividend Ach has a 12-month low of $16.45 and a 12-month high of $18.07.

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 30th. Stockholders of record on Tuesday, November 21st were given a dividend of $0.0505 per share. This is a positive change from PowerShares High Yld. Dividend Achv(ETF)’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Monday, November 20th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.37%. PowerShares High Yld. Dividend Achv(ETF)’s dividend payout ratio (DPR) is presently 27.85%.

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PowerShares High Yld. Dividend Achv(ETF) 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) (NASDAQ:PEY)

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