Pinnacle Associates Ltd. Purchases 32,206 Shares of PowerShares Exchange-Traded Fund Trust II (VRP)

Pinnacle Associates Ltd. grew its position in shares of PowerShares Exchange-Traded Fund Trust II (NYSEARCA:VRP) by 24.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,571 shares of the company’s stock after purchasing an additional 32,206 shares during the quarter. Pinnacle Associates Ltd.’s holdings in PowerShares Exchange-Traded Fund Trust II were worth $4,249,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Calton & Associates Inc. purchased a new position in shares of PowerShares Exchange-Traded Fund Trust II during the 4th quarter valued at approximately $130,000. Wealth Architects LLC purchased a new stake in PowerShares Exchange-Traded Fund Trust II in the 4th quarter worth $266,000. State of Tennessee Treasury Department purchased a new stake in PowerShares Exchange-Traded Fund Trust II in the 4th quarter worth $298,000. Carmichael Hill & Associates Inc. purchased a new stake in PowerShares Exchange-Traded Fund Trust II in the 4th quarter worth $300,000. Finally, Bank of New York Mellon Corp purchased a new stake in PowerShares Exchange-Traded Fund Trust II in the 4th quarter worth $329,000.

Shares of PowerShares Exchange-Traded Fund Trust II (NYSEARCA VRP) opened at $25.23 on Friday. PowerShares Exchange-Traded Fund Trust II has a 1-year low of $24.94 and a 1-year high of $26.49.

The business also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 21st will be issued a $0.1029 dividend. This represents a $1.23 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Tuesday, February 20th.

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Want to see what other hedge funds are holding VRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares Exchange-Traded Fund Trust II (NYSEARCA:VRP).

Institutional Ownership by Quarter for PowerShares Exchange-Traded Fund Trust II (NYSEARCA:VRP)

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