Ladenburg Thalmann Financial Services Inc. Sells 3,263 Shares of PowerShares Aerospace & Defense (PXSG)

Ladenburg Thalmann Financial Services Inc. lessened its stake in PowerShares Aerospace & Defense (NYSEARCA:PXSG) by 18.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,009 shares of the company’s stock after selling 3,263 shares during the period. Ladenburg Thalmann Financial Services Inc. owned about 1.12% of PowerShares Aerospace & Defense worth $450,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PXSG. SG Americas Securities LLC bought a new stake in shares of PowerShares Aerospace & Defense in the 4th quarter valued at about $126,000. Susquehanna International Group LLP bought a new stake in shares of PowerShares Aerospace & Defense in the 3rd quarter valued at about $227,000. Finally, Advisor Group Inc. lifted its stake in shares of PowerShares Aerospace & Defense by 63.0% in the 4th quarter. Advisor Group Inc. now owns 27,515 shares of the company’s stock valued at $884,000 after acquiring an additional 10,631 shares during the last quarter.

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NYSEARCA PXSG opened at $32.81 on Friday. PowerShares Aerospace & Defense has a 1-year low of $26.98 and a 1-year high of $34.90.

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About PowerShares Aerospace & Defense

PowerShares Dynamic Small Cap Growth Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Small Cap Growth Intellidex Index (the Index). The Index is designed to provide capital appreciation while maintaining exposure. The Style Intellidexes apply a 10-factor style isolation process to objectively segregate companies into their appropriate investment style and size universe.

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