Sowell Financial Services LLC cut its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Free Report) by 6.4% in the second quarter, Holdings Channel reports. The fund owned 10,144 shares of the company’s stock after selling 694 shares during the period. Sowell Financial Services LLC’s holdings in Invesco Aerospace & Defense ETF were worth $1,437,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Milestone Investment Advisors LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF during the 1st quarter worth about $25,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Invesco Aerospace & Defense ETF during the 1st quarter worth about $27,000. Banque Transatlantique SA acquired a new stake in shares of Invesco Aerospace & Defense ETF during the 1st quarter worth about $32,000. Wood Tarver Financial Group LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF during the 4th quarter worth about $45,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF during the 1st quarter worth about $47,000.
Invesco Aerospace & Defense ETF Trading Up 0.2%
Shares of NYSEARCA:PPA opened at $151.80 on Tuesday. The business has a 50-day moving average price of $147.40 and a 200 day moving average price of $133.71. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 30.91 and a beta of 0.98. Invesco Aerospace & Defense ETF has a 12-month low of $100.39 and a 12-month high of $152.07.
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.
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