PowerShares High Yld. Dividend Achv(ETF) (PEY) Holdings Trimmed by South State Corp

South State Corp reduced its stake in shares of PowerShares High Yld. Dividend Achv(ETF) (NYSE:PEY) by 4.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,101 shares of the company’s stock after selling 2,810 shares during the quarter. South State Corp’s holdings in PowerShares High Yld. Dividend Achv(ETF) were worth $977,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of PowerShares High Yld. Dividend Achv(ETF) by 50.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 25,349 shares of the company’s stock valued at $427,000 after purchasing an additional 8,524 shares during the last quarter. CIBC World Markets Inc. grew its position in shares of PowerShares High Yld. Dividend Achv(ETF) by 2.6% in the second quarter. CIBC World Markets Inc. now owns 163,094 shares of the company’s stock valued at $2,745,000 after purchasing an additional 4,161 shares during the last quarter. Sawtooth Solutions LLC grew its position in shares of PowerShares High Yld. Dividend Achv(ETF) by 19.1% in the second quarter. Sawtooth Solutions LLC now owns 34,437 shares of the company’s stock valued at $580,000 after purchasing an additional 5,525 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in shares of PowerShares High Yld. Dividend Achv(ETF) by 13.6% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 18,845 shares of the company’s stock valued at $313,000 after purchasing an additional 2,253 shares during the last quarter. Finally, NTV Asset Management LLC grew its position 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 valued at $301,000 after purchasing an additional 275 shares during the last quarter.

PowerShares High Yld. Dividend Ach (NYSE PEY) traded up 0.1966% during mid-day trading on Tuesday, hitting $17.0234. 45,387 shares of the stock traded hands. The stock has a 50 day moving average price of $16.84 and a 200 day moving average price of $16.91. PowerShares High Yld. Dividend Ach has a 12-month low of $15.17 and a 12-month high of $17.46.

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Thursday, August 17th were paid a $0.049 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $0.59 annualized dividend and a dividend yield of 3.46%.

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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) (NYSE:PEY).

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

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