PowerShares Taxable Municipal Bond Portfolio (SPHD) Shares Sold by STA Wealth Management LLC

STA Wealth Management LLC lessened its stake in PowerShares Taxable Municipal Bond Portfolio (NYSEARCA:SPHD) by 95.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,007 shares of the company’s stock after selling 516,970 shares during the quarter. STA Wealth Management LLC’s holdings in PowerShares Taxable Municipal Bond Portfolio were worth $1,065,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Edelman Financial Services LLC purchased a new position in shares of PowerShares Taxable Municipal Bond Portfolio in the 1st quarter valued at about $105,934,000. LPL Financial LLC increased its holdings in shares of PowerShares Taxable Municipal Bond Portfolio by 8.3% in the 4th quarter. LPL Financial LLC now owns 1,757,160 shares of the company’s stock valued at $74,556,000 after purchasing an additional 134,557 shares in the last quarter. Billeaud Capital Management Inc. increased its holdings in shares of PowerShares Taxable Municipal Bond Portfolio by 2.5% in the 4th quarter. Billeaud Capital Management Inc. now owns 1,013,093 shares of the company’s stock valued at $42,986,000 after purchasing an additional 24,742 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of PowerShares Taxable Municipal Bond Portfolio by 15.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 374,475 shares of the company’s stock valued at $15,889,000 after purchasing an additional 50,430 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of PowerShares Taxable Municipal Bond Portfolio by 16.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 368,120 shares of the company’s stock valued at $14,479,000 after purchasing an additional 52,998 shares in the last quarter.

Shares of PowerShares Taxable Municipal Bond Portfolio opened at $40.53 on Thursday, according to Marketbeat.com. PowerShares Taxable Municipal Bond Portfolio has a 52-week low of $38.14 and a 52-week high of $43.25.

The business also recently declared a monthly dividend, which was paid on Thursday, May 31st. Stockholders of record on Tuesday, May 22nd were issued a $0.136 dividend. The ex-dividend date was Monday, May 21st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 4.03%.

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

Institutional Ownership by Quarter for PowerShares Taxable Municipal Bond Portfolio (NYSEARCA:SPHD)

Receive News & Ratings for PowerShares Taxable Municipal Bond Portfolio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares Taxable Municipal Bond Portfolio and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit