First Allied Advisory Services Inc. increased its holdings in PowerShares High Yld. Dividend Achv(ETF) (NYSE:PEY) by 36.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,319 shares of the company’s stock after buying an additional 17,378 shares during the period. First Allied Advisory Services Inc.’s holdings in PowerShares High Yld. Dividend Achv(ETF) were worth $1,101,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position in shares of PowerShares High Yld. Dividend Achv(ETF) by 84.8% in the second quarter. Ameriprise Financial Inc. now owns 312,909 shares of the company’s stock valued at $5,263,000 after buying an additional 143,581 shares in the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of PowerShares High Yld. Dividend Achv(ETF) by 0.3% in the second quarter. Capital Advisors Ltd. LLC now owns 269,033 shares of the company’s stock valued at $4,528,000 after buying an additional 820 shares during the period. Suntrust Banks Inc. bought a new stake in shares of PowerShares High Yld. Dividend Achv(ETF) in the second quarter valued at approximately $4,340,000. First Heartland Consultants Inc. grew its position in PowerShares High Yld. Dividend Achv(ETF) by 8.3% during the second quarter. First Heartland Consultants Inc. now owns 181,259 shares of the company’s stock worth $3,051,000 after buying an additional 13,824 shares in the last quarter. Finally, CIBC World Markets Inc. grew its position in PowerShares High Yld. Dividend Achv(ETF) by 2.6% during the second quarter. CIBC World Markets Inc. now owns 163,094 shares of the company’s stock worth $2,745,000 after buying an additional 4,161 shares in the last quarter.

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Shares of PowerShares High Yld. Dividend Ach (PEY) traded down 0.2402% during midday trading on Monday, reaching $17.1088. The company had a trading volume of 7,894 shares. The company has a 50 day moving average price of $16.85 and a 200-day moving average price of $16.91. PowerShares High Yld. Dividend Ach has a one year low of $15.17 and a one year high of $17.46.

The firm also recently declared a monthly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were paid a dividend of $0.0495 per share. This is a boost from PowerShares High Yld. Dividend Achv(ETF)’s previous monthly dividend of $0.05. This represents a $0.59 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Monday, September 18th.

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.

Want to see what other hedge funds are holding PEY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares High Yld. Dividend Achv(ETF) (NYSE:PEY).

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

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