Stifel Financial Corp lifted its stake in shares of PowerShares Aerospace & Defense (NYSEARCA:PPA) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,210 shares of the company’s stock after acquiring an additional 1,887 shares during the quarter. Stifel Financial Corp owned approximately 0.34% of PowerShares Aerospace & Defense worth $2,778,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Advisory Services Network LLC raised its holdings in shares of PowerShares Aerospace & Defense by 165.1% during the 2nd quarter. Advisory Services Network LLC now owns 2,304 shares of the company’s stock worth $106,000 after acquiring an additional 1,435 shares in the last quarter. Advisors Preferred LLC purchased a new stake in shares of PowerShares Aerospace & Defense during the 3rd quarter worth approximately $192,000. Benchmark Capital Advisors purchased a new stake in shares of PowerShares Aerospace & Defense during the 2nd quarter worth approximately $202,000. Jacobi Capital Management LLC purchased a new stake in PowerShares Aerospace & Defense during the 2nd quarter valued at $206,000. Finally, Sigma Planning Corp purchased a new stake in PowerShares Aerospace & Defense during the 3rd quarter valued at $230,000.
PowerShares Aerospace & Defense (NYSEARCA PPA) traded up $0.42 during trading hours on Thursday, reaching $55.80. The company had a trading volume of 7,889 shares. PowerShares Aerospace & Defense has a one year low of $41.51 and a one year high of $55.80. The stock has a market cap of $887.22 and a price-to-earnings ratio of 20.22.
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PowerShares Aerospace & Defense Company Profile
PowerShares Aerospace & Defense Portfolio (Fund) seeks investment results that correspond generally to the price and yield of the SPADE Defense Index (the Index). The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of the United States defense, homeland security and aerospace operations.
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