Brookstone Capital Management reduced its stake in shares of PowerShares Exchange-Traded Fund Trust II (NYSEARCA:BKLN) by 69.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 164,052 shares of the exchange traded fund’s stock after selling 379,262 shares during the period. Brookstone Capital Management’s holdings in PowerShares Exchange-Traded Fund Trust II were worth $3,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. SimpliFi Inc. bought a new position in PowerShares Exchange-Traded Fund Trust II during the 4th quarter worth $2,007,000. Oppenheimer & Co. Inc. grew its stake in PowerShares Exchange-Traded Fund Trust II by 5.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 259,749 shares of the exchange traded fund’s stock worth $5,985,000 after buying an additional 14,140 shares during the last quarter. Newfound Research LLC grew its stake in PowerShares Exchange-Traded Fund Trust II by 1.6% during the 4th quarter. Newfound Research LLC now owns 675,807 shares of the exchange traded fund’s stock worth $15,571,000 after buying an additional 10,893 shares during the last quarter. Rezny Wealth Management Inc. grew its stake in PowerShares Exchange-Traded Fund Trust II by 1.2% during the 4th quarter. Rezny Wealth Management Inc. now owns 213,384 shares of the exchange traded fund’s stock worth $4,916,000 after buying an additional 2,464 shares during the last quarter. Finally, AE Wealth Management LLC grew its stake in PowerShares Exchange-Traded Fund Trust II by 21.4% during the 4th quarter. AE Wealth Management LLC now owns 195,376 shares of the exchange traded fund’s stock worth $4,501,000 after buying an additional 34,492 shares during the last quarter.

PowerShares Exchange-Traded Fund Trust II (NYSEARCA BKLN) opened at $23.13 on Tuesday. PowerShares Exchange-Traded Fund Trust II has a 52 week low of $22.96 and a 52 week high of $23.46.

The business also recently disclosed a monthly dividend, which was paid on Wednesday, January 31st. Investors of record on Tuesday, January 23rd were paid a dividend of $0.066 per share. The ex-dividend date was Monday, January 22nd. This represents a $0.79 dividend on an annualized basis and a yield of 3.43%.

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Want to see what other hedge funds are holding BKLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares Exchange-Traded Fund Trust II (NYSEARCA:BKLN).

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

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