Ahrens Investment Partners LLC decreased its stake in shares of PowerShares High Yld. Dividend Achv(ETF) (NASDAQ:PEY) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 916,151 shares of the company’s stock after selling 14,019 shares during the period. PowerShares High Yld. Dividend Achv(ETF) makes up 6.6% of Ahrens Investment Partners LLC’s investment portfolio, making the stock its 2nd largest holding. Ahrens Investment Partners LLC’s holdings in PowerShares High Yld. Dividend Achv(ETF) were worth $16,317,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in PowerShares High Yld. Dividend Achv(ETF) during the 3rd quarter valued at about $605,000. Janney Montgomery Scott LLC lifted its position in PowerShares High Yld. Dividend Achv(ETF) by 132.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 138,439 shares of the company’s stock valued at $2,374,000 after acquiring an additional 78,825 shares during the period. Wells Fargo & Company MN lifted its position in PowerShares High Yld. Dividend Achv(ETF) by 1.6% during the 3rd quarter. Wells Fargo & Company MN now owns 1,181,905 shares of the company’s stock valued at $20,270,000 after acquiring an additional 18,823 shares during the period. Sii Investments Inc. WI lifted its position in PowerShares High Yld. Dividend Achv(ETF) by 68.3% during the 3rd quarter. Sii Investments Inc. WI now owns 18,584 shares of the company’s stock valued at $319,000 after acquiring an additional 7,543 shares during the period. Finally, Advisor Group Inc. lifted its position in PowerShares High Yld. Dividend Achv(ETF) by 15.3% during the 3rd quarter. Advisor Group Inc. now owns 50,745 shares of the company’s stock valued at $871,000 after acquiring an additional 6,741 shares during the period.

PowerShares High Yld. Dividend Ach (NASDAQ PEY) opened at $17.43 on Thursday. The stock has a market cap of $875.59, a PE ratio of 10.93 and a beta of 0.81. PowerShares High Yld. Dividend Ach has a twelve month low of $16.45 and a twelve month high of $18.61.

The company also recently announced a monthly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Tuesday, January 23rd were issued a $0.0451 dividend. The ex-dividend date was Monday, January 22nd. This represents a $0.54 annualized dividend and a yield of 3.11%. PowerShares High Yld. Dividend Achv(ETF)’s dividend payout ratio (DPR) is presently 34.18%.

Separately, AltaCorp Capital reaffirmed a “buy” rating and issued a $16.50 target price on shares of PowerShares High Yld. Dividend Achv(ETF) in a report on Monday, January 15th.

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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.

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

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