Arcadia Investment Management Corp MI boosted its stake in PowerShares Exchange-Traded Fund Trust II (NYSE:BKLN) by 11.3% during the second quarter, Holdings Channel reports. The institutional investor owned 25,600 shares of the exchange traded fund’s stock after buying an additional 2,600 shares during the period. Arcadia Investment Management Corp MI’s holdings in PowerShares Exchange-Traded Fund Trust II were worth $592,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Charles Schwab Investment Advisory Inc. raised its stake in shares of PowerShares Exchange-Traded Fund Trust II by 7.2% in the second quarter. Charles Schwab Investment Advisory Inc. now owns 8,877,375 shares of the exchange traded fund’s stock valued at $205,422,000 after buying an additional 599,947 shares during the last quarter. Valmark Advisers Inc. raised its stake in shares of PowerShares Exchange-Traded Fund Trust II by 1.2% in the second quarter. Valmark Advisers Inc. now owns 2,610,738 shares of the exchange traded fund’s stock valued at $60,412,000 after buying an additional 30,610 shares during the last quarter. Cantor Fitzgerald Investment Adviser L.P. bought a new stake in shares of PowerShares Exchange-Traded Fund Trust II during the second quarter valued at about $29,631,000. Sei Investments Co. raised its stake in shares of PowerShares Exchange-Traded Fund Trust II by 10.7% in the second quarter. Sei Investments Co. now owns 1,099,817 shares of the exchange traded fund’s stock valued at $25,450,000 after buying an additional 105,878 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in shares of PowerShares Exchange-Traded Fund Trust II by 4.8% in the second quarter. Stratos Wealth Partners LTD. now owns 807,924 shares of the exchange traded fund’s stock valued at $18,695,000 after buying an additional 36,974 shares during the last quarter.

Shares of PowerShares Exchange-Traded Fund Trust II (NYSE BKLN) opened at 23.10 on Wednesday. PowerShares Exchange-Traded Fund Trust II has a 52 week low of $22.96 and a 52 week high of $23.46. The stock’s 50 day moving average is $23.19 and its 200 day moving average is $23.24.

The company also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th will be issued a dividend of $0.0691 per share. This is a boost from PowerShares Exchange-Traded Fund Trust II’s previous monthly dividend of $0.06. The ex-dividend date is Tuesday, August 15th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 3.59%.

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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 (NYSE:BKLN).

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

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