Assetmark Inc. Sells 1,200,884 Shares of PowerShares Exchange-Traded Fund Trust II (BKLN)

Assetmark Inc. lessened its stake in PowerShares Exchange-Traded Fund Trust II (NYSE:BKLN) by 76.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 363,288 shares of the exchange traded fund’s stock after selling 1,200,884 shares during the quarter. Assetmark Inc.’s holdings in PowerShares Exchange-Traded Fund Trust II were worth $8,406,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BKLN. Solaris Asset Management LLC purchased a new position in shares of PowerShares Exchange-Traded Fund Trust II in the 2nd quarter valued at about $102,000. Benjamin F. Edwards & Company Inc. lifted its stake in PowerShares Exchange-Traded Fund Trust II by 0.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,257 shares of the exchange traded fund’s stock worth $214,000 after purchasing an additional 24 shares during the last quarter. Ken Stern & Associates Inc. lifted its stake in PowerShares Exchange-Traded Fund Trust II by 5.4% during the second quarter. Ken Stern & Associates Inc. now owns 12,985 shares of the exchange traded fund’s stock worth $300,000 after purchasing an additional 666 shares during the last quarter. SignalPoint Asset Management LLC lifted its stake in PowerShares Exchange-Traded Fund Trust II by 0.7% during the second quarter. SignalPoint Asset Management LLC now owns 13,576 shares of the exchange traded fund’s stock worth $314,000 after purchasing an additional 97 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in PowerShares Exchange-Traded Fund Trust II by 145.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 13,799 shares of the exchange traded fund’s stock worth $319,000 after purchasing an additional 8,188 shares during the last quarter.

PowerShares Exchange-Traded Fund Trust II (NYSE:BKLN) traded up 0.04% during midday trading on Tuesday, reaching $23.18. The company had a trading volume of 177,588 shares. The firm’s 50-day moving average price is $23.11 and its 200 day moving average price is $23.19. PowerShares Exchange-Traded Fund Trust II has a 12 month low of $22.96 and a 12 month high of $23.46.

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th were paid a dividend of $0.0701 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Monday, September 18th. This is a positive change from PowerShares Exchange-Traded Fund Trust II’s previous monthly dividend of $0.07.

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Institutional Ownership by Quarter for PowerShares Exchange-Traded Fund Trust II (NYSE:BKLN)

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