Oppenheimer & Co. Inc. Has $1.23 Million Position in PowerShares Aerospace & Defense (NASDAQ:PEY)

Oppenheimer & Co. Inc. lifted its position in PowerShares Aerospace & Defense (NASDAQ:PEY) by 5.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,417 shares of the company’s stock after purchasing an additional 3,686 shares during the period. Oppenheimer & Co. Inc. owned about 0.16% of PowerShares Aerospace & Defense worth $1,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN grew its position in shares of PowerShares Aerospace & Defense by 16.2% in the 1st quarter. Wells Fargo & Company MN now owns 1,367,792 shares of the company’s stock worth $23,280,000 after buying an additional 190,357 shares during the last quarter. Financial Advocates Investment Management acquired a new stake in PowerShares Aerospace & Defense during the 4th quarter valued at approximately $487,000. Belpointe Asset Management LLC lifted its stake in PowerShares Aerospace & Defense by 16.0% during the 4th quarter. Belpointe Asset Management LLC now owns 35,497 shares of the company’s stock valued at $632,000 after acquiring an additional 4,902 shares during the period. Jane Street Group LLC lifted its stake in shares of PowerShares Aerospace & Defense by 216.5% in the 4th quarter. Jane Street Group LLC now owns 117,655 shares of the company’s stock valued at $2,095,000 after purchasing an additional 80,481 shares during the period. Finally, Raymond James & Associates raised its position in PowerShares Aerospace & Defense by 22.4% during the fourth quarter. Raymond James & Associates now owns 189,740 shares of the company’s stock worth $3,379,000 after acquiring an additional 34,747 shares during the period.

Shares of PEY traded down $0.02 during mid-day trading on Friday, reaching $17.15. The stock had a trading volume of 200 shares, compared to its average volume of 187,908. PowerShares Aerospace & Defense has a 52-week low of $17.14 and a 52-week high of $17.21.



The firm also recently declared a monthly dividend, which was paid on Monday, April 30th. Stockholders of record on Tuesday, April 24th were given a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a dividend yield of 4.55%. The ex-dividend date was Monday, April 23rd. This is a boost from PowerShares Aerospace & Defense’s previous monthly dividend of $0.06.

About PowerShares Aerospace & Defense

PowerShares High Yield Equity Dividend Achiever Portfolio (the Fund) is based on the Mergent Dividend Achiever 50 Index (the Index). The Fund focuses to invest at least 90% of its total assets in dividend paying common stocks, which comprise the Index. The Index is comprised of 50 stocks selected principally on the basis of dividend yield and consistent growth in dividends.

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

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