Envestnet Asset Management Inc. Lowers Stake in PowerShares High Yld. Dividend Achv(ETF) (PEY)

Envestnet Asset Management Inc. cut its holdings in PowerShares High Yld. Dividend Achv(ETF) (NASDAQ:PEY) by 18.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 48,564 shares of the company’s stock after selling 10,785 shares during the period. Envestnet Asset Management Inc. owned 0.09% of PowerShares High Yld. Dividend Achv(ETF) worth $833,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Shelton Capital Management acquired a new position in PowerShares High Yld. Dividend Achv(ETF) in the 2nd quarter valued at $186,000. Bank of New York Mellon Corp raised its holdings in PowerShares High Yld. Dividend Achv(ETF) by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,789 shares of the company’s stock valued at $198,000 after acquiring an additional 398 shares during the last quarter. NTV Asset Management LLC raised its holdings in PowerShares High Yld. Dividend Achv(ETF) by 1.6% in the 2nd quarter. NTV Asset Management LLC now owns 17,930 shares of the company’s stock valued at $301,000 after acquiring an additional 275 shares during the last quarter. Citigroup Inc. raised its holdings in PowerShares High Yld. Dividend Achv(ETF) by 18.7% in the 2nd quarter. Citigroup Inc. now owns 18,028 shares of the company’s stock valued at $303,000 after acquiring an additional 2,835 shares during the last quarter. Finally, Sii Investments Inc. WI raised its holdings in PowerShares High Yld. Dividend Achv(ETF) by 68.3% in the 3rd quarter. Sii Investments Inc. WI now owns 18,584 shares of the company’s stock valued at $319,000 after acquiring an additional 7,543 shares during the last quarter.

Shares of PowerShares High Yld. Dividend Ach (PEY) traded up $0.07 during midday trading on Friday, hitting $18.34. 121,757 shares of the stock traded hands, compared to its average volume of 207,622. PowerShares High Yld. Dividend Ach has a one year low of $16.45 and a one year high of $18.37. The stock has a market cap of $926.29, a PE ratio of 11.61 and a beta of 0.84.

The business also recently disclosed a monthly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 19th were paid a dividend of $0.067 per share. The ex-dividend date was Monday, December 18th. This is a boost from PowerShares High Yld. Dividend Achv(ETF)’s previous monthly dividend of $0.05. This represents a $0.80 annualized dividend and a dividend yield of 4.38%. PowerShares High Yld. Dividend Achv(ETF)’s payout ratio is currently 31.65%.

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PowerShares High Yld. Dividend Achv(ETF) 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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