PowerShares High Yield Corporate Bond Portfolio (PHB) Position Lowered by Gradient Investments LLC

Gradient Investments LLC lessened its stake in shares of PowerShares High Yield Corporate Bond Portfolio (NYSEARCA:PHB) by 8.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 315,842 shares of the company’s stock after selling 28,555 shares during the period. Gradient Investments LLC owned 0.49% of PowerShares High Yield Corporate Bond Portfolio worth $5,985,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Calton & Associates Inc. purchased a new stake in shares of PowerShares High Yield Corporate Bond Portfolio in the 4th quarter valued at approximately $101,000. Parsons Capital Management Inc. RI acquired a new stake in PowerShares High Yield Corporate Bond Portfolio during the 4th quarter worth approximately $198,000. Cypress Wealth Services LLC acquired a new stake in PowerShares High Yield Corporate Bond Portfolio during the 4th quarter worth approximately $250,000. Live Your Vision LLC lifted its holdings in PowerShares High Yield Corporate Bond Portfolio by 21.3% during the 4th quarter. Live Your Vision LLC now owns 21,315 shares of the company’s stock worth $403,000 after buying an additional 3,738 shares in the last quarter. Finally, Reilly Financial Advisors LLC lifted its holdings in PowerShares High Yield Corporate Bond Portfolio by 156.5% during the 4th quarter. Reilly Financial Advisors LLC now owns 25,831 shares of the company’s stock worth $489,000 after buying an additional 15,760 shares in the last quarter.

Shares of PowerShares High Yield Corporate Bond Portfolio (PHB) opened at $18.74 on Monday. PowerShares High Yield Corporate Bond Portfolio has a fifty-two week low of $18.34 and a fifty-two week high of $19.14.

The company also recently disclosed a monthly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 23rd were issued a $0.0646 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.14%. This is a positive change from PowerShares High Yield Corporate Bond Portfolio’s previous monthly dividend of $0.06. The ex-dividend date was Monday, January 22nd.

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Institutional Ownership by Quarter for PowerShares High Yield Corporate Bond Portfolio (NYSEARCA:PHB)

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