Cambridge Investment Research Advisors Inc. reduced its position in shares of PowerShares Dynamic Indls Sec Port (NYSE:PRN) by 24.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,230 shares of the exchange traded fund’s stock after selling 4,657 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in PowerShares Dynamic Indls Sec Port were worth $761,000 at the end of the most recent reporting period.
Separately, Investment Partners Ltd. OH ADV increased its stake in PowerShares Dynamic Indls Sec Port by 6.4% in the second quarter. Investment Partners Ltd. OH ADV now owns 4,938 shares of the exchange traded fund’s stock valued at $264,000 after purchasing an additional 295 shares during the period.
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PowerShares Dynamic Indls Sec Port (NYSE PRN) traded down 0.0323% on Friday, reaching $57.5314. 3,426 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $55.43 and its 200 day moving average price is $53.58. PowerShares Dynamic Indls Sec Port has a 1-year low of $45.04 and a 1-year high of $57.53.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Tuesday, September 19th will be issued a $0.253 dividend. This represents a $1.01 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Monday, September 18th. This is an increase from PowerShares Dynamic Indls Sec Port’s previous quarterly dividend of $0.11.
PowerShares Dynamic Indls Sec Port Company Profile
PowerShares Dynamic Industrials Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Industrials Sector Intellidex Index (the Index). The Index consists of stocks of 60 United States industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.
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