Arbor Wealth Management LLC lowered its holdings in shares of PowerShares Exchange-Traded Fund Trust II (NYSEARCA:BKLN) by 2.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 151,756 shares of the exchange traded fund’s stock after selling 4,246 shares during the quarter. PowerShares Exchange-Traded Fund Trust II comprises 2.6% of Arbor Wealth Management LLC’s holdings, making the stock its 16th largest holding. Arbor Wealth Management LLC’s holdings in PowerShares Exchange-Traded Fund Trust II were worth $3,467,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Horan Capital Advisors LLC. bought a new position in PowerShares Exchange-Traded Fund Trust II in the third quarter valued at approximately $121,000. Stringer Asset Management LLC bought a new position in PowerShares Exchange-Traded Fund Trust II in the fourth quarter valued at approximately $229,000. Steward Partners Investment Advisory LLC bought a new position in PowerShares Exchange-Traded Fund Trust II in the third quarter valued at approximately $244,000. Sawtooth Solutions LLC grew its stake in PowerShares Exchange-Traded Fund Trust II by 33.9% in the fourth quarter. Sawtooth Solutions LLC now owns 12,534 shares of the exchange traded fund’s stock valued at $289,000 after purchasing an additional 3,174 shares in the last quarter. Finally, Jefferies Group LLC grew its stake in PowerShares Exchange-Traded Fund Trust II by 25.1% in the fourth quarter. Jefferies Group LLC now owns 14,450 shares of the exchange traded fund’s stock valued at $333,000 after purchasing an additional 2,900 shares in the last quarter.

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PowerShares Exchange-Traded Fund Trust II stock opened at $23.10 on Thursday. PowerShares Exchange-Traded Fund Trust II has a one year low of $22.96 and a one year high of $23.33.

The firm also recently announced a monthly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Tuesday, March 20th will be paid a dividend of $0.0758 per share. This is an increase from PowerShares Exchange-Traded Fund Trust II’s previous monthly dividend of $0.07. This represents a $0.91 annualized dividend and a dividend yield of 3.94%. The ex-dividend date is Monday, March 19th.

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Want to see what other hedge funds are holding BKLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares Exchange-Traded Fund Trust II (NYSEARCA:BKLN).

Institutional Ownership by Quarter for PowerShares Exchange-Traded Fund Trust II (NYSEARCA:BKLN)

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