Wells Fargo & Company MN decreased its position in PowerShares Dynamic Pharmaceuticals(ETF) (NYSEARCA:PJP) by 5.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 52,531 shares of the company’s stock after selling 2,748 shares during the period. Wells Fargo & Company MN’s holdings in PowerShares Dynamic Pharmaceuticals(ETF) were worth $3,371,000 at the end of the most recent quarter.
Separately, SeaCrest Wealth Management LLC acquired a new position in shares of PowerShares Dynamic Pharmaceuticals(ETF) in the 4th quarter valued at $519,000.
Shares of NYSEARCA PJP opened at $60.68 on Friday. PowerShares Dynamic Pharmaceutical has a 1-year low of $57.93 and a 1-year high of $71.42.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Tuesday, March 20th were paid a $0.0563 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend was Monday, March 19th.
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PowerShares Dynamic Pharmaceuticals(ETF) Profile
PowerShares Dynamic Pharmaceuticals Portfolio (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield of the Dynamic Pharmaceuticals Intellidex Index (the Index). The Index evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.
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