Northwestern Mutual Wealth Management Co. Has $427,000 Stake in PowerShares High Yld. Dividend Achv(ETF) (PEY)

Northwestern Mutual Wealth Management Co. lifted its stake in shares of PowerShares High Yld. Dividend Achv(ETF) (NYSE:PEY) by 50.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,349 shares of the company’s stock after acquiring an additional 8,524 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in PowerShares High Yld. Dividend Achv(ETF) were worth $427,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its holdings in shares of PowerShares High Yld. Dividend Achv(ETF) by 0.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 27,809 shares of the company’s stock worth $468,000 after acquiring an additional 120 shares during the period. NTV Asset Management LLC raised its holdings in shares of PowerShares High Yld. Dividend Achv(ETF) by 1.6% during the 2nd quarter. NTV Asset Management LLC now owns 17,930 shares of the company’s stock worth $301,000 after acquiring an additional 275 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of PowerShares High Yld. Dividend Achv(ETF) by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,789 shares of the company’s stock worth $198,000 after acquiring an additional 398 shares during the period. Capital Advisors Ltd. LLC raised its holdings in shares of PowerShares High Yld. Dividend Achv(ETF) by 0.3% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 269,033 shares of the company’s stock worth $4,528,000 after acquiring an additional 820 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC raised its holdings in shares of PowerShares High Yld. Dividend Achv(ETF) by 13.6% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 18,845 shares of the company’s stock worth $313,000 after acquiring an additional 2,253 shares during the period.

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PowerShares High Yld. Dividend Ach (NYSE PEY) opened at 17.165 on Friday. PowerShares High Yld. Dividend Ach has a 12-month low of $15.17 and a 12-month high of $17.46. The stock’s 50 day moving average price is $16.85 and its 200 day moving average price is $16.92.

The business also recently disclosed a monthly dividend, which was paid on Wednesday, August 30th. Investors of record on Thursday, August 17th were paid a dividend of $0.049 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date was Tuesday, August 15th.

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) (NYSE:PEY)

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