Lord Abbett & CO. LLC Sells 1,589,086 Shares of PowerShares Exchange-Traded Fund Trust II (BKLN)

Lord Abbett & CO. LLC cut its holdings in PowerShares Exchange-Traded Fund Trust II (NYSE:BKLN) by 18.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,829,414 shares of the exchange traded fund’s stock after selling 1,589,086 shares during the period. PowerShares Exchange-Traded Fund Trust II comprises about 0.5% of Lord Abbett & CO. LLC’s holdings, making the stock its 28th largest position. Lord Abbett & CO. LLC’s holdings in PowerShares Exchange-Traded Fund Trust II were worth $158,033,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BKLN. SeaBridge Investment Advisors LLC boosted its position in shares of PowerShares Exchange-Traded Fund Trust II by 1.7% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 19,620 shares of the exchange traded fund’s stock worth $454,000 after buying an additional 320 shares in the last quarter. Carroll Financial Associates Inc. lifted its holdings in PowerShares Exchange-Traded Fund Trust II by 14.1% in the 2nd quarter. Carroll Financial Associates Inc. now owns 23,793 shares of the exchange traded fund’s stock valued at $550,000 after purchasing an additional 2,946 shares in the last quarter. Moloney Securities Asset Management LLC lifted its holdings in PowerShares Exchange-Traded Fund Trust II by 8.6% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 33,810 shares of the exchange traded fund’s stock valued at $782,000 after purchasing an additional 2,682 shares in the last quarter. AEGON USA Investment Management LLC lifted its holdings in PowerShares Exchange-Traded Fund Trust II by 7.6% in the 2nd quarter. AEGON USA Investment Management LLC now owns 482,900 shares of the exchange traded fund’s stock valued at $11,174,000 after purchasing an additional 34,000 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in PowerShares Exchange-Traded Fund Trust II by 0.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,257 shares of the exchange traded fund’s stock valued at $214,000 after purchasing an additional 24 shares in the last quarter.

PowerShares Exchange-Traded Fund Trust II (NYSE:BKLN) traded down 0.0004% on Monday, reaching $23.1999. 575,944 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $23.13 and its 200 day moving average is $23.19. PowerShares Exchange-Traded Fund Trust II has a 1-year low of $22.96 and a 1-year high of $23.46.

The business also recently declared a monthly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were paid a $0.0701 dividend. The ex-dividend date was Monday, September 18th. This represents a $0.84 dividend on an annualized basis and a yield of 3.62%. This is a boost 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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