Wells Fargo & Company MN trimmed its stake in PowerShares Aerospace & Defense (NYSE:PPA) by 7.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 244,551 shares of the company’s stock after selling 18,394 shares during the period. Wells Fargo & Company MN’s holdings in PowerShares Aerospace & Defense were worth $11,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC boosted its position in PowerShares Aerospace & Defense by 1.5% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 10,194 shares of the company’s stock valued at $474,000 after buying an additional 149 shares during the period. Capital Advisors Ltd. LLC increased its position in shares of PowerShares Aerospace & Defense by 1.8% during the second quarter. Capital Advisors Ltd. LLC now owns 12,139 shares of the company’s stock worth $557,000 after acquiring an additional 217 shares during the period. Hollow Brook Wealth Management LLC increased its position in shares of PowerShares Aerospace & Defense by 0.5% during the second quarter. Hollow Brook Wealth Management LLC now owns 85,510 shares of the company’s stock worth $3,926,000 after acquiring an additional 427 shares during the period. BB&T Securities LLC increased its position in shares of PowerShares Aerospace & Defense by 1.6% during the second quarter. BB&T Securities LLC now owns 79,170 shares of the company’s stock worth $3,634,000 after acquiring an additional 1,269 shares during the period. Finally, Ray Gerald L & Associates Ltd. increased its position in shares of PowerShares Aerospace & Defense by 5.9% during the second quarter. Ray Gerald L & Associates Ltd. now owns 24,688 shares of the company’s stock worth $1,133,000 after acquiring an additional 1,385 shares during the period.

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PowerShares Aerospace & Defense (NYSE:PPA) opened at 51.89 on Tuesday. PowerShares Aerospace & Defense has a 12 month low of $37.28 and a 12 month high of $51.89. The stock’s 50 day moving average is $49.55 and its 200-day moving average is $46.68.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th were given a $0.2504 dividend. The ex-dividend date of this dividend was Monday, September 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.93%. This is a boost from PowerShares Aerospace & Defense’s previous quarterly dividend of $0.11.

About PowerShares Aerospace & Defense

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.

Institutional Ownership by Quarter for PowerShares Aerospace & Defense (NYSE:PPA)

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