Jacobi Capital Management LLC Invests $206,000 in PowerShares Aerospace & Defense (PPA)

Jacobi Capital Management LLC acquired a new stake in PowerShares Aerospace & Defense (NYSE:PPA) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,396 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PPA. Capital Advisors Ltd. LLC increased its holdings in shares of PowerShares Aerospace & Defense by 1.8% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 12,139 shares of the company’s stock valued at $557,000 after acquiring an additional 217 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of PowerShares Aerospace & Defense by 5.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 72,504 shares of the company’s stock valued at $3,329,000 after acquiring an additional 3,733 shares during the last quarter. Capital Investment Advisory Services LLC purchased a new position in shares of PowerShares Aerospace & Defense in the 2nd quarter valued at about $204,000. IFP Advisors Inc increased its holdings in shares of PowerShares Aerospace & Defense by 70.7% in the 2nd quarter. IFP Advisors Inc now owns 33,980 shares of the company’s stock valued at $1,560,000 after acquiring an additional 14,076 shares during the last quarter. Finally, BB&T Securities LLC increased its holdings in shares of PowerShares Aerospace & Defense by 1.6% in the 2nd quarter. BB&T Securities LLC now owns 79,170 shares of the company’s stock valued at $3,634,000 after acquiring an additional 1,269 shares during the last quarter.

PowerShares Aerospace & Defense (NYSE:PPA) opened at 51.02 on Friday. PowerShares Aerospace & Defense has a 12-month low of $37.28 and a 12-month high of $51.17. The stock has a 50 day moving average price of $48.89 and a 200-day moving average price of $46.22.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Tuesday, September 19th will be paid a $0.2504 dividend. This is a boost from PowerShares Aerospace & Defense’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Monday, September 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.96%.

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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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