Institutional investors purchased a net $486.00 shares of AVAV during the quarter ended January 2013. This may signal that the smart money is gaining interest in this company as the 64.21% of shares outstanding that institutional investors hold is actually below the Aerospace & Defense industry average.
| Mutual fund holders | 32.74% |
| Other institutional | 31.47% |
| Individual stakeholders | 24.50% |