Janney Montgomery Scott LLC decreased its position in PowerShares High Yld. Dividend Achv(ETF) (NYSE:PEY) by 25.2% during the second quarter, Holdings Channel reports. The firm owned 59,614 shares of the company’s stock after selling 20,092 shares during the period. Janney Montgomery Scott LLC’s holdings in PowerShares High Yld. Dividend Achv(ETF) were worth $1,003,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. boosted its position in PowerShares High Yld. Dividend Achv(ETF) by 0.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 27,809 shares of the company’s stock worth $468,000 after buying an additional 120 shares during the period. First Heartland Consultants Inc. boosted its position in PowerShares High Yld. Dividend Achv(ETF) by 8.3% in 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 during the period. Finally, Capital Advisors Ltd. LLC boosted its position in 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 worth $4,528,000 after buying an additional 820 shares during the period.

PowerShares High Yld. Dividend Ach (PEY) opened at 16.74 on Friday. The firm’s 50-day moving average price is $16.89 and its 200-day moving average price is $16.96. PowerShares High Yld. Dividend Ach has a 1-year low of $15.17 and a 1-year high of $17.46.

The company also recently announced a monthly dividend, which was paid on Monday, July 31st. Shareholders of record on Tuesday, July 18th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, July 14th. This represents a $0.60 annualized dividend and a yield of 3.58%.

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PowerShares High Yld. Dividend Achv(ETF) Company 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.

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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