Commonwealth Equity Services Inc Boosts Stake in PowerShares High Yld. Dividend Achv(ETF) (PEY)

Commonwealth Equity Services Inc lifted its stake in shares of PowerShares High Yld. Dividend Achv(ETF) (NASDAQ:PEY) by 7.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 81,534 shares of the company’s stock after buying an additional 5,550 shares during the quarter. Commonwealth Equity Services Inc owned about 0.16% of PowerShares High Yld. Dividend Achv(ETF) worth $1,398,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PEY. Shelton Capital Management acquired a new stake in PowerShares High Yld. Dividend Achv(ETF) in the 2nd quarter worth about $186,000. Bank of New York Mellon Corp raised its stake 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 worth $198,000 after purchasing an additional 398 shares in the last quarter. Barnett & Company Inc. raised its stake in PowerShares High Yld. Dividend Achv(ETF) by 88.1% in the 2nd quarter. Barnett & Company Inc. now owns 13,825 shares of the company’s stock worth $233,000 after purchasing an additional 6,475 shares in the last quarter. Honkamp Krueger Financial Services Inc. acquired a new stake in PowerShares High Yld. Dividend Achv(ETF) in the 2nd quarter worth about $260,000. Finally, NTV Asset Management LLC raised its stake 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 worth $301,000 after purchasing an additional 275 shares in the last quarter.

PowerShares High Yld. Dividend Ach (NASDAQ:PEY) opened at $17.26 on Friday. PowerShares High Yld. Dividend Ach has a 1-year low of $16.28 and a 1-year high of $17.53.

The company also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Tuesday, November 21st will be issued a $0.0505 dividend. This is a positive change from PowerShares High Yld. Dividend Achv(ETF)’s previous monthly dividend of $0.05. This represents a $0.61 annualized dividend and a yield of 3.51%. The ex-dividend date is Monday, November 20th. PowerShares High Yld. Dividend Achv(ETF)’s dividend payout ratio (DPR) is currently 31.01%.

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About PowerShares High Yld. Dividend Achv(ETF)

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.

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

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