AE Wealth Management LLC Reduces Position in PowerShares High Yld. Dividend Achv(ETF) (PEY)

AE Wealth Management LLC lessened its stake in shares of PowerShares High Yld. Dividend Achv(ETF) (NASDAQ:PEY) by 9.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,759 shares of the company’s stock after selling 3,361 shares during the period. AE Wealth Management LLC owned 0.06% of PowerShares High Yld. Dividend Achv(ETF) worth $545,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Shelton Capital Management bought a new stake in PowerShares High Yld. Dividend Achv(ETF) during the 2nd quarter valued at $186,000. Bank of New York Mellon Corp increased its stake in PowerShares High Yld. Dividend Achv(ETF) by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,789 shares of the company’s stock valued at $198,000 after purchasing an additional 398 shares in the last quarter. Barnett & Company Inc. increased its stake in PowerShares High Yld. Dividend Achv(ETF) by 88.1% during the 2nd quarter. Barnett & Company Inc. now owns 13,825 shares of the company’s stock valued at $233,000 after purchasing an additional 6,475 shares in the last quarter. Honkamp Krueger Financial Services Inc. bought a new stake in PowerShares High Yld. Dividend Achv(ETF) during the 2nd quarter valued at $260,000. Finally, NTV Asset Management LLC increased its stake in PowerShares High Yld. Dividend Achv(ETF) by 1.6% during the 2nd quarter. NTV Asset Management LLC now owns 17,930 shares of the company’s stock valued at $301,000 after purchasing an additional 275 shares in the last quarter.

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PowerShares High Yld. Dividend Ach (PEY) traded down $0.03 during midday trading on Tuesday, hitting $17.21. 66,500 shares of the stock traded hands, compared to its average volume of 255,821. PowerShares High Yld. Dividend Ach has a 12-month low of $16.18 and a 12-month high of $17.53.

The company also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Tuesday, November 21st will be paid a $0.0505 dividend. 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 is Monday, November 20th. This represents a $0.61 annualized dividend and a dividend yield of 3.52%. PowerShares High Yld. Dividend Achv(ETF)’s dividend payout ratio is presently 31.01%.

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.

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

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