Cypress Wealth Services LLC Invests $250,000 in PowerShares High Yield Corporate Bond Portfolio (PHB)

Cypress Wealth Services LLC bought a new stake in PowerShares High Yield Corporate Bond Portfolio (NYSEARCA:PHB) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 13,190 shares of the company’s stock, valued at approximately $250,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Calton & Associates Inc. purchased a new stake in shares of PowerShares High Yield Corporate Bond Portfolio in the fourth quarter valued at $101,000. Parsons Capital Management Inc. RI purchased a new stake in shares of PowerShares High Yield Corporate Bond Portfolio in the fourth quarter valued at $198,000. Live Your Vision LLC lifted its holdings in shares of PowerShares High Yield Corporate Bond Portfolio by 21.3% in the fourth quarter. Live Your Vision LLC now owns 21,315 shares of the company’s stock valued at $403,000 after purchasing an additional 3,738 shares in the last quarter. Reilly Financial Advisors LLC lifted its holdings in shares of PowerShares High Yield Corporate Bond Portfolio by 156.5% in the fourth quarter. Reilly Financial Advisors LLC now owns 25,831 shares of the company’s stock valued at $489,000 after purchasing an additional 15,760 shares in the last quarter. Finally, Portfolio Solutions LLC lifted its holdings in shares of PowerShares High Yield Corporate Bond Portfolio by 170.2% in the fourth quarter. Portfolio Solutions LLC now owns 29,853 shares of the company’s stock valued at $566,000 after purchasing an additional 18,803 shares in the last quarter.

Shares of PowerShares High Yield Corporate Bond Portfolio (PHB) opened at $18.51 on Friday. PowerShares High Yield Corporate Bond Portfolio has a 1-year low of $18.50 and a 1-year high of $19.14.

The firm also recently announced a monthly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 23rd were issued a $0.0646 dividend. The ex-dividend date was Monday, January 22nd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.19%. This is a positive change from PowerShares High Yield Corporate Bond Portfolio’s previous monthly dividend of $0.06.

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Want to see what other hedge funds are holding PHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares High Yield Corporate Bond Portfolio (NYSEARCA:PHB).

Institutional Ownership by Quarter for PowerShares High Yield Corporate Bond Portfolio (NYSEARCA:PHB)

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