Benjamin Edwards Inc. Sells 4,600 Shares of Invesco Aerospace & Defense ETF $PPA

Benjamin Edwards Inc. reduced its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 42.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,226 shares of the company’s stock after selling 4,600 shares during the quarter. Benjamin Edwards Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $1,101,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Binnacle Investments Inc increased its position in shares of Invesco Aerospace & Defense ETF by 84.2% during the second quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock worth $30,000 after acquiring an additional 96 shares during the period. Bayban purchased a new stake in shares of Invesco Aerospace & Defense ETF in the 4th quarter worth $38,000. Wealth Watch Advisors INC purchased a new stake in shares of Invesco Aerospace & Defense ETF in the 3rd quarter worth $49,000. Ankerstar Wealth LLC bought a new position in shares of Invesco Aerospace & Defense ETF during the 4th quarter worth $52,000. Finally, Blueline Advisors LLC purchased a new position in shares of Invesco Aerospace & Defense ETF during the fourth quarter valued at $57,000.

Invesco Aerospace & Defense ETF Price Performance

Shares of Invesco Aerospace & Defense ETF stock opened at $165.12 on Wednesday. Invesco Aerospace & Defense ETF has a 1 year low of $144.29 and a 1 year high of $186.30. The firm’s 50-day moving average is $175.69 and its two-hundred day moving average is $173.96. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 30.91 and a beta of 0.74.

About Invesco Aerospace & Defense ETF

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.