Global Retirement Partners LLC Sells 7,886 Shares of Invesco Aerospace & Defense ETF $PPA

Global Retirement Partners LLC lessened its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 44.8% during the third quarter, HoldingsChannel.com reports. The fund owned 9,726 shares of the company’s stock after selling 7,886 shares during the period. Global Retirement Partners LLC’s holdings in Invesco Aerospace & Defense ETF were worth $1,512,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Royal Bank of Canada lifted its stake in Invesco Aerospace & Defense ETF by 8.9% in the 1st quarter. Royal Bank of Canada now owns 175,903 shares of the company’s stock valued at $20,501,000 after purchasing an additional 14,386 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Invesco Aerospace & Defense ETF by 54.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 17,359 shares of the company’s stock valued at $2,023,000 after acquiring an additional 6,149 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Invesco Aerospace & Defense ETF by 208.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,874 shares of the company’s stock valued at $3,598,000 after acquiring an additional 20,869 shares in the last quarter. Focus Partners Wealth increased its holdings in Invesco Aerospace & Defense ETF by 0.9% in the 1st quarter. Focus Partners Wealth now owns 101,765 shares of the company’s stock worth $11,861,000 after purchasing an additional 866 shares in the last quarter. Finally, Belpointe Asset Management LLC raised its position in Invesco Aerospace & Defense ETF by 30.1% in the first quarter. Belpointe Asset Management LLC now owns 44,759 shares of the company’s stock valued at $5,217,000 after purchasing an additional 10,365 shares during the last quarter.

Invesco Aerospace & Defense ETF Trading Up 1.8%

Shares of PPA stock opened at $168.23 on Wednesday. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 30.91 and a beta of 0.87. The business’s 50-day moving average price is $154.09 and its 200-day moving average price is $150.47. Invesco Aerospace & Defense ETF has a 12 month low of $100.39 and a 12 month high of $168.35.

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. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.