National Asset Management Inc. Trims Stock Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

National Asset Management Inc. cut its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 4.2% in the 2nd quarter, Holdings Channel reports. The fund owned 12,491 shares of the company’s stock after selling 549 shares during the quarter. National Asset Management Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $812,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Commonwealth Equity Services LLC raised its stake in shares of Invesco Aerospace & Defense ETF by 21.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 26,004 shares of the company’s stock worth $1,688,000 after buying an additional 4,592 shares in the last quarter. Advisor Group Inc. increased its stake in Invesco Aerospace & Defense ETF by 13.9% in the 1st quarter. Advisor Group Inc. now owns 52,862 shares of the company’s stock valued at $3,066,000 after purchasing an additional 6,436 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Invesco Aerospace & Defense ETF by 1.3% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 28,133 shares of the company’s stock valued at $1,630,000 after purchasing an additional 352 shares in the last quarter. MML Investors Services LLC increased its stake in Invesco Aerospace & Defense ETF by 4.5% in the 1st quarter. MML Investors Services LLC now owns 48,980 shares of the company’s stock valued at $2,839,000 after purchasing an additional 2,087 shares in the last quarter. Finally, Calton & Associates Inc. increased its stake in Invesco Aerospace & Defense ETF by 75.8% in the 1st quarter. Calton & Associates Inc. now owns 12,911 shares of the company’s stock valued at $748,000 after purchasing an additional 5,566 shares in the last quarter.

NYSEARCA PPA traded up $0.18 during mid-day trading on Thursday, hitting $67.20. The stock had a trading volume of 6 shares, compared to its average volume of 67,863. Invesco Aerospace & Defense ETF has a 52-week low of $45.98 and a 52-week high of $67.20. The company has a 50 day simple moving average of $65.87 and a 200 day simple moving average of $61.76.

Invesco Aerospace & Defense ETF 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.

Recommended Story: Marijuana Stocks Future Looks Bright

Want to see what other hedge funds are holding PPA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Aerospace & Defense ETF (NYSEARCA:PPA).

Institutional Ownership by Quarter for Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Receive News & Ratings for Invesco Aerospace & Defense ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Aerospace & Defense ETF and related companies with MarketBeat.com's FREE daily email newsletter.