Highwater Wealth Management LLC Lowers Stake in PowerShares Exchange-Traded Fund Trust II (BKLN)

Highwater Wealth Management LLC trimmed its holdings in shares of PowerShares Exchange-Traded Fund Trust II (NYSEARCA:BKLN) by 31.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,477 shares of the exchange traded fund’s stock after selling 9,845 shares during the quarter. PowerShares Exchange-Traded Fund Trust II makes up approximately 1.1% of Highwater Wealth Management LLC’s investment portfolio, making the stock its 21st biggest holding. Highwater Wealth Management LLC’s holdings in PowerShares Exchange-Traded Fund Trust II were worth $495,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BB&T Investment Services Inc. purchased a new position in PowerShares Exchange-Traded Fund Trust II in the second quarter worth $1,519,000. Caspian Capital LP purchased a new position in PowerShares Exchange-Traded Fund Trust II in the second quarter worth $19,669,000. The Manufacturers Life Insurance Company grew its holdings in PowerShares Exchange-Traded Fund Trust II by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 12,854,543 shares of the exchange traded fund’s stock worth $297,454,000 after purchasing an additional 849,628 shares during the last quarter. Clearwater Capital Partners LLC grew its holdings in PowerShares Exchange-Traded Fund Trust II by 9.4% in the third quarter. Clearwater Capital Partners LLC now owns 351,024 shares of the exchange traded fund’s stock worth $8,133,000 after purchasing an additional 30,123 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in PowerShares Exchange-Traded Fund Trust II by 7.0% in the second quarter. Cetera Investment Advisers now owns 136,272 shares of the exchange traded fund’s stock worth $3,150,000 after purchasing an additional 8,969 shares during the last quarter.

PowerShares Exchange-Traded Fund Trust II (BKLN) traded up $0.04 during midday trading on Wednesday, reaching $23.15. 3,008,000 shares of the company’s stock traded hands, compared to its average volume of 3,520,700. PowerShares Exchange-Traded Fund Trust II has a fifty-two week low of $22.96 and a fifty-two week high of $23.46.

The business also recently disclosed a monthly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 19th were paid a dividend of $0.0775 per share. This is an increase from PowerShares Exchange-Traded Fund Trust II’s previous monthly dividend of $0.06. This represents a $0.93 annualized dividend and a dividend yield of 4.02%. The ex-dividend date was Monday, December 18th.

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

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