6 Meridian Grows Position in PowerShares Emerging Markets Sovereign Debt Portfolio (PCY)

6 Meridian lifted its holdings in PowerShares Emerging Markets Sovereign Debt Portfolio (NYSEARCA:PCY) by 46.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 347,501 shares of the company’s stock after acquiring an additional 109,484 shares during the period. PowerShares Emerging Markets Sovereign Debt Portfolio makes up approximately 1.1% of 6 Meridian’s investment portfolio, making the stock its 27th largest position. 6 Meridian owned about 0.20% of PowerShares Emerging Markets Sovereign Debt Portfolio worth $9,796,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PCY. Wells Fargo & Company MN grew its stake in shares of PowerShares Emerging Markets Sovereign Debt Portfolio by 4.6% in the first quarter. Wells Fargo & Company MN now owns 25,329,412 shares of the company’s stock valued at $714,036,000 after acquiring an additional 1,103,771 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in PowerShares Emerging Markets Sovereign Debt Portfolio during the fourth quarter worth about $12,229,000. Cambridge Investment Research Advisors Inc. grew its stake in PowerShares Emerging Markets Sovereign Debt Portfolio by 149.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 470,460 shares of the company’s stock worth $13,897,000 after buying an additional 281,525 shares in the last quarter. Trilogy Capital Inc. acquired a new stake in PowerShares Emerging Markets Sovereign Debt Portfolio during the fourth quarter worth about $6,697,000. Finally, Rainey & Randall Investment Management Inc. acquired a new stake in PowerShares Emerging Markets Sovereign Debt Portfolio during the fourth quarter worth about $6,568,000.

Shares of PowerShares Emerging Markets Sovereign Debt Portfolio opened at $26.95 on Friday, Marketbeat Ratings reports. PowerShares Emerging Markets Sovereign Debt Portfolio has a 12-month low of $27.08 and a 12-month high of $27.13.

The company also recently disclosed a monthly dividend, which was paid on Monday, April 30th. Shareholders of record on Tuesday, April 24th were paid a dividend of $0.107 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.76%. This is an increase from PowerShares Emerging Markets Sovereign Debt Portfolio’s previous monthly dividend of $0.10. The ex-dividend date of this dividend was Monday, April 23rd.

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Institutional Ownership by Quarter for PowerShares Emerging Markets Sovereign Debt Portfolio (NYSEARCA:PCY)

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