Ladenburg Thalmann Financial Services Inc. Cuts Stake in PowerShares High Yld. Dividend Achv(ETF) (PEY)

Ladenburg Thalmann Financial Services Inc. lowered its holdings in PowerShares High Yld. Dividend Achv(ETF) (NASDAQ:PEY) by 20.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,255 shares of the company’s stock after selling 9,256 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned 0.07% of PowerShares High Yld. Dividend Achv(ETF) worth $622,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. NTV Asset Management LLC increased its stake in shares of PowerShares High Yld. Dividend Achv(ETF) by 1.6% in the second 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. Tower Research Capital LLC TRC acquired a new stake in PowerShares High Yld. Dividend Achv(ETF) during the second quarter valued at $792,000. Cetera Investment Advisers acquired a new stake in PowerShares High Yld. Dividend Achv(ETF) during the second quarter valued at $1,476,000. Advisor Group Inc. grew its position in PowerShares High Yld. Dividend Achv(ETF) by 15.3% during the third quarter. Advisor Group Inc. now owns 50,745 shares of the company’s stock valued at $871,000 after buying an additional 6,741 shares during the period. Finally, Susquehanna International Group LLP grew its position in PowerShares High Yld. Dividend Achv(ETF) by 14.8% during the second quarter. Susquehanna International Group LLP now owns 196,863 shares of the company’s stock valued at $3,313,000 after buying an additional 25,412 shares during the period.

Shares of PowerShares High Yld. Dividend Ach (NASDAQ PEY) opened at $17.81 on Monday. The company has a market cap of $905.00, a price-to-earnings ratio of 11.27 and a beta of 0.84. PowerShares High Yld. Dividend Ach has a 52-week low of $16.45 and a 52-week high of $18.07.

The company also recently declared a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Tuesday, December 19th will be given a dividend of $0.067 per share. This represents a $0.80 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend is Monday, December 18th. This is a positive change from PowerShares High Yld. Dividend Achv(ETF)’s previous monthly dividend of $0.05. PowerShares High Yld. Dividend Achv(ETF)’s dividend payout ratio (DPR) is currently 31.65%.

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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) (NASDAQ:PEY).

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

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