Raymond James Financial Services Advisors Inc. boosted its position in PowerShares High Yld. Dividend Achv(ETF) (NASDAQ:PEY) by 15.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,058 shares of the company’s stock after buying an additional 6,197 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in PowerShares High Yld. Dividend Achv(ETF) were worth $773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Clearwater Capital Partners LLC increased its position in PowerShares High Yld. Dividend Achv(ETF) by 3.8% in the third quarter. Clearwater Capital Partners LLC now owns 93,116 shares of the company’s stock worth $1,600,000 after buying an additional 3,414 shares during the last quarter. Cetera Investment Advisers purchased a new position in shares of PowerShares High Yld. Dividend Achv(ETF) in the second quarter valued at $1,476,000. Susquehanna International Group LLP grew its position in shares of PowerShares High Yld. Dividend Achv(ETF) by 14.8% in the second quarter. Susquehanna International Group LLP now owns 196,863 shares of the company’s stock valued at $3,313,000 after purchasing an additional 25,412 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of PowerShares High Yld. Dividend Achv(ETF) in the second quarter valued at $792,000. Finally, Shelton Capital Management purchased a new position in shares of PowerShares High Yld. Dividend Achv(ETF) in the second quarter valued at $186,000.

PowerShares High Yld. Dividend Ach (PEY) opened at $17.82 on Monday. PowerShares High Yld. Dividend Ach has a 52-week low of $16.36 and a 52-week high of $17.91.

The business also recently declared a monthly dividend, which was paid on Thursday, November 30th. Stockholders of record on Tuesday, November 21st were given a $0.0505 dividend. The ex-dividend date of this dividend was Monday, November 20th. This is a boost from PowerShares High Yld. Dividend Achv(ETF)’s previous monthly dividend of $0.05. This represents a $0.61 annualized dividend and a dividend yield of 3.40%. PowerShares High Yld. Dividend Achv(ETF)’s payout ratio is 27.85%.

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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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