Invesco Ltd reduced Position in Powershares Exchange-Traded Fund Trust Ii

Invesco Ltd has filled a SC 13G form regarding Powershares Exchange-Traded Fund Trust Ii . Filing Link: 000091420816001023. Per Invesco Ltd’s filing, the filler reported decreased stake in the company by -89.19 % to 203,781 shares. Invesco Ltd now owns 10.7% of the company. This form was required due to trading activity on May 31, 2016.

Form 13G is used when the filer owns between 5% and 20% of the company and plans to hold it only as a passive investor. If the filler intend to exert control and if the stake’s size exceeds 20%, then a 13D must be filed. Therefore, activist investors and practices such as: hostile takeovers, company breakups, and other “change of control” events, are not permitted by 13G filers.

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