Jane Street Group LLC Decreases Position in PowerShares Aerospace & Defense (PPA)
Jane Street Group LLC cut its holdings in PowerShares Aerospace & Defense (NYSEARCA:PPA) by 76.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,473 shares of the company’s stock after selling 17,718 shares during the period. Jane Street Group LLC’s holdings in PowerShares Aerospace & Defense were worth $295,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Koshinski Asset Management Inc. acquired a new position in shares of PowerShares Aerospace & Defense in the fourth quarter valued at about $224,000. Steward Partners Investment Advisory LLC acquired a new stake in PowerShares Aerospace & Defense during the third quarter worth about $226,000. Capital Investment Advisory Services LLC grew its stake in PowerShares Aerospace & Defense by 67.1% during the fourth quarter. Capital Investment Advisory Services LLC now owns 7,420 shares of the company’s stock worth $400,000 after buying an additional 2,980 shares in the last quarter. Jacobi Capital Management LLC grew its stake in PowerShares Aerospace & Defense by 16.8% during the fourth quarter. Jacobi Capital Management LLC now owns 7,767 shares of the company’s stock worth $428,000 after buying an additional 1,116 shares in the last quarter. Finally, GWM Advisors LLC acquired a new stake in PowerShares Aerospace & Defense during the fourth quarter worth about $491,000.
Shares of PowerShares Aerospace & Defense stock opened at $57.84 on Tuesday. PowerShares Aerospace & Defense has a 12-month low of $43.24 and a 12-month high of $58.97.
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PowerShares Aerospace & Defense Profile
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.
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