MD Financial Management Inc. Grows Stake in PowerShares Aerospace & Defense (NASDAQ:PHO)

MD Financial Management Inc. boosted its holdings in PowerShares Aerospace & Defense (NASDAQ:PHO) by 0.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 870,733 shares of the company’s stock after acquiring an additional 4,042 shares during the period. PowerShares Aerospace & Defense accounts for about 1.3% of MD Financial Management Inc.’s investment portfolio, making the stock its 28th largest position. MD Financial Management Inc. owned about 3.19% of PowerShares Aerospace & Defense worth $26,531,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. LPL Financial LLC grew its position in PowerShares Aerospace & Defense by 7.1% in the fourth quarter. LPL Financial LLC now owns 117,715 shares of the company’s stock valued at $3,563,000 after acquiring an additional 7,789 shares in the last quarter. Wells Fargo & Company MN lifted its stake in PowerShares Aerospace & Defense by 1.9% during the first quarter. Wells Fargo & Company MN now owns 104,434 shares of the company’s stock worth $3,182,000 after purchasing an additional 1,950 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in PowerShares Aerospace & Defense by 3.1% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 92,199 shares of the company’s stock worth $2,790,000 after purchasing an additional 2,800 shares during the last quarter. Hoylecohen LLC bought a new stake in PowerShares Aerospace & Defense in the fourth quarter valued at $1,995,000. Finally, Vicus Capital lifted its stake in PowerShares Aerospace & Defense by 6.0% in the fourth quarter. Vicus Capital now owns 40,618 shares of the company’s stock valued at $1,230,000 after buying an additional 2,316 shares during the last quarter.

PowerShares Aerospace & Defense traded up $30.32, reaching $30.32, during mid-day trading on Friday, MarketBeat Ratings reports. 14,600 shares of the stock were exchanged, compared to its average volume of 46,097. PowerShares Aerospace & Defense has a 1-year low of $30.37 and a 1-year high of $30.38.

PowerShares Aerospace & Defense Profile

PowerShares Water Resources Portfolio (the Fund) seeks investment results that generally correspond to the price yield of the NASDAQ OMX US Water Index (the Underlying Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Underlying Index. The Underlying Index seeks to track the performance of the United States exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries.

Institutional Ownership by Quarter for PowerShares Aerospace & Defense (NASDAQ:PHO)

Receive News & Ratings for PowerShares Aerospace & Defense Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares Aerospace & Defense and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply