Financial Advocates Investment Management Lowers Stock Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Financial Advocates Investment Management decreased its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 12.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,296 shares of the company’s stock after selling 2,296 shares during the period. Financial Advocates Investment Management owned about 0.05% of Invesco Aerospace & Defense ETF worth $1,674,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Cetera Investment Advisers lifted its position in Invesco Aerospace & Defense ETF by 1,146.0% during the 1st quarter. Cetera Investment Advisers now owns 225,518 shares of the company’s stock worth $22,906,000 after acquiring an additional 207,419 shares during the period. Greenlight Capital Inc. purchased a new stake in Invesco Aerospace & Defense ETF during the 4th quarter worth approximately $17,098,000. Stifel Financial Corp boosted its stake in Invesco Aerospace & Defense ETF by 171.0% during the 4th quarter. Stifel Financial Corp now owns 186,926 shares of the company’s stock worth $17,228,000 after purchasing an additional 117,940 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Invesco Aerospace & Defense ETF by 32.4% in the 4th quarter. Wells Fargo & Company MN now owns 469,209 shares of the company’s stock valued at $43,242,000 after acquiring an additional 114,843 shares during the last quarter. Finally, Beacon Harbor Wealth Advisors Inc. purchased a new position in Invesco Aerospace & Defense ETF in the 4th quarter worth approximately $9,603,000.

Invesco Aerospace & Defense ETF Trading Up 1.1 %

NYSEARCA:PPA traded up $1.23 during trading hours on Thursday, hitting $112.94. The company had a trading volume of 31,079 shares, compared to its average volume of 146,574. Invesco Aerospace & Defense ETF has a 1 year low of $77.50 and a 1 year high of $112.98. The company has a market cap of $3.52 billion, a P/E ratio of 33.87 and a beta of 0.73. The company has a 50-day moving average of $106.33 and a 200 day moving average of $102.77.

Invesco Aerospace & Defense ETF Company 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.