Sii Investments Inc. WI increased its position in shares of PowerShares High Yld. Dividend Achv(ETF) (NASDAQ:PEY) by 68.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,584 shares of the company’s stock after buying an additional 7,543 shares during the quarter. Sii Investments Inc. WI’s holdings in PowerShares High Yld. Dividend Achv(ETF) were worth $319,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. NTV Asset Management LLC raised its position in PowerShares High Yld. Dividend Achv(ETF) by 1.6% in the second quarter. NTV Asset Management LLC now owns 17,930 shares of the company’s stock valued at $301,000 after purchasing an additional 275 shares during the period. Tower Research Capital LLC TRC purchased a new stake in PowerShares High Yld. Dividend Achv(ETF) in the second quarter valued at approximately $792,000. Cetera Investment Advisers purchased a new stake in PowerShares High Yld. Dividend Achv(ETF) in the second quarter valued at approximately $1,476,000. Susquehanna International Group LLP raised its position in 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 during the period. Finally, Institute for Wealth Management LLC. purchased a new stake in PowerShares High Yld. Dividend Achv(ETF) in the second quarter valued at approximately $476,000.

Shares of PowerShares High Yld. Dividend Ach (PEY) traded up $0.08 during midday trading on Friday, reaching $17.84. The company’s stock had a trading volume of 197,600 shares, compared to its average volume of 251,332. PowerShares High Yld. Dividend Ach has a 52 week low of $16.28 and a 52 week high of $17.91.

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

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

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