27,468 Shares in PowerShares High Yld. Dividend Achv(ETF) (PEY) Purchased by Barings LLC

Barings LLC purchased a new stake in PowerShares High Yld. Dividend Achv(ETF) (NASDAQ:PEY) during the fourth quarter, HoldingsChannel reports. The firm purchased 27,468 shares of the company’s stock, valued at approximately $490,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wells Fargo & Company MN grew its stake in PowerShares High Yld. Dividend Achv(ETF) by 1.6% in the 3rd quarter. Wells Fargo & Company MN now owns 1,181,905 shares of the company’s stock valued at $20,270,000 after buying an additional 18,823 shares during the last quarter. Bouchey Financial Group Ltd boosted its holdings in PowerShares High Yld. Dividend Achv(ETF) by 3.1% in the 4th quarter. Bouchey Financial Group Ltd now owns 750,518 shares of the company’s stock valued at $13,367,000 after purchasing an additional 22,572 shares during the period. Janney Montgomery Scott LLC boosted its holdings in PowerShares High Yld. Dividend Achv(ETF) by 132.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 138,439 shares of the company’s stock valued at $2,374,000 after purchasing an additional 78,825 shares during the period. B. Riley Financial Inc. bought a new stake in PowerShares High Yld. Dividend Achv(ETF) in the 3rd quarter valued at about $1,638,000. Finally, Commonwealth Equity Services Inc lifted its holdings in shares of PowerShares High Yld. Dividend Achv(ETF) by 7.3% during the 3rd quarter. Commonwealth Equity Services Inc now owns 81,534 shares of the company’s stock worth $1,398,000 after acquiring an additional 5,550 shares during the period.

Separately, AltaCorp Capital reiterated a “buy” rating and set a $16.50 price objective on shares of PowerShares High Yld. Dividend Achv(ETF) in a research report on Monday, January 15th.

PowerShares High Yld. Dividend Ach (NASDAQ PEY) opened at $17.17 on Friday. The stock has a market cap of $873.05, a P/E ratio of 10.87 and a beta of 0.81. PowerShares High Yld. Dividend Ach has a 12-month low of $16.45 and a 12-month high of $18.61.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 21st will be given a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.19%. This is a boost from PowerShares High Yld. Dividend Achv(ETF)’s previous monthly dividend of $0.05. The ex-dividend date is Tuesday, February 20th. PowerShares High Yld. Dividend Achv(ETF)’s dividend payout ratio is currently 37.97%.

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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.

Want to see what other hedge funds are holding PEY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares High Yld. Dividend Achv(ETF) (NASDAQ:PEY).

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

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