Northwestern Mutual Wealth Management Co. increased its stake in PowerShares Exchange-Traded Fund Trust II (NYSE:BKLN) by 145.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,799 shares of the exchange traded fund’s stock after purchasing an additional 8,188 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in PowerShares Exchange-Traded Fund Trust II were worth $319,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Solaris Asset Management LLC acquired a new stake in PowerShares Exchange-Traded Fund Trust II during the 2nd quarter valued at approximately $102,000. Benjamin F. Edwards & Company Inc. lifted its stake in PowerShares Exchange-Traded Fund Trust II by 0.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,257 shares of the exchange traded fund’s stock valued at $214,000 after acquiring an additional 24 shares during the period. SignalPoint Asset Management LLC lifted its stake in PowerShares Exchange-Traded Fund Trust II by 0.7% during the 2nd quarter. SignalPoint Asset Management LLC now owns 13,576 shares of the exchange traded fund’s stock valued at $314,000 after acquiring an additional 97 shares during the period. Gamble Jones Investment Counsel lifted its stake in PowerShares Exchange-Traded Fund Trust II by 0.3% during the 2nd quarter. Gamble Jones Investment Counsel now owns 13,867 shares of the exchange traded fund’s stock valued at $321,000 after acquiring an additional 44 shares during the period. Finally, Intrust Bank NA lifted its stake in PowerShares Exchange-Traded Fund Trust II by 27.3% during the 2nd quarter. Intrust Bank NA now owns 16,700 shares of the exchange traded fund’s stock valued at $386,000 after acquiring an additional 3,578 shares during the period.

PowerShares Exchange-Traded Fund Trust II (BKLN) opened at 23.12 on Friday. The stock’s 50 day moving average is $23.14 and its 200 day moving average is $23.22. PowerShares Exchange-Traded Fund Trust II has a 12-month low of $22.96 and a 12-month high of $23.46.

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th were issued a $0.0691 dividend. This is an increase from PowerShares Exchange-Traded Fund Trust II’s previous monthly dividend of $0.06. This represents a $0.83 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend was Tuesday, August 15th.

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

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