Garrison Bradford & Associates Inc. Buys 5,000 Shares of PowerShares Aerospace & Defense (NYSEARCA:PGF)

Garrison Bradford & Associates Inc. raised its holdings in shares of PowerShares Aerospace & Defense (NYSEARCA:PGF) by 9.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,500 shares of the exchange traded fund’s stock after purchasing an additional 5,000 shares during the quarter. PowerShares Aerospace & Defense accounts for about 0.9% of Garrison Bradford & Associates Inc.’s portfolio, making the stock its 23rd largest position. Garrison Bradford & Associates Inc. owned about 0.07% of PowerShares Aerospace & Defense worth $1,030,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Noven Financial Group Inc. lifted its stake in PowerShares Aerospace & Defense by 5.3% during the 4th quarter. Noven Financial Group Inc. now owns 57,837 shares of the exchange traded fund’s stock valued at $1,091,000 after acquiring an additional 2,929 shares during the period. Rockland Trust Co. increased its holdings in shares of PowerShares Aerospace & Defense by 6.5% during the 4th quarter. Rockland Trust Co. now owns 54,047 shares of the exchange traded fund’s stock valued at $1,020,000 after purchasing an additional 3,285 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of PowerShares Aerospace & Defense by 22.5% during the 4th quarter. Bank of Montreal Can now owns 19,439 shares of the exchange traded fund’s stock valued at $367,000 after purchasing an additional 3,570 shares in the last quarter. FTB Advisors Inc. increased its holdings in shares of PowerShares Aerospace & Defense by 16.4% during the 4th quarter. FTB Advisors Inc. now owns 25,530 shares of the exchange traded fund’s stock valued at $482,000 after purchasing an additional 3,600 shares in the last quarter. Finally, Appleton Partners Inc. MA increased its holdings in PowerShares Aerospace & Defense by 1.7% in the 4th quarter. Appleton Partners Inc. MA now owns 230,534 shares of the exchange traded fund’s stock worth $4,350,000 after acquiring an additional 3,880 shares in the last quarter.

Separately, Canaccord Genuity reaffirmed a “sell” rating and set a $1.00 target price on shares of PowerShares Aerospace & Defense in a research note on Thursday, January 18th.



Shares of PGF stock traded up $0.02 during trading hours on Friday, hitting $18.28. The stock had a trading volume of 1,600 shares, compared to its average volume of 352,438. PowerShares Aerospace & Defense has a twelve month low of $18.25 and a twelve month high of $18.28.

The business also recently declared a monthly dividend, which was paid on Monday, April 30th. Investors of record on Tuesday, April 24th were issued a dividend of $0.085 per share. This represents a $1.02 annualized dividend and a dividend yield of 5.58%. The ex-dividend date of this dividend was Monday, April 23rd.

About PowerShares Aerospace & Defense

PowerShares Financial Preferred Portfolio (the Fund) is a non-diversified fund. The Fund is based on the Wells Fargo Hybrid and Preferred Financial Index (WHPSF Financial Index) (the Index). The Index tracks the performance of the United States-listed securities issued by financial institutions. The Index is rebalanced monthly.

Institutional Ownership by Quarter for PowerShares Aerospace & Defense (NYSEARCA:PGF)

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