Invesco Aerospace & Defense ETF $PPA Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC trimmed its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 24.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,917 shares of the company’s stock after selling 10,842 shares during the quarter. Belpointe Asset Management LLC owned about 0.08% of Invesco Aerospace & Defense ETF worth $4,806,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Lion Street Advisors LLC raised its position in shares of Invesco Aerospace & Defense ETF by 3.3% in the 1st quarter. Lion Street Advisors LLC now owns 2,742 shares of the company’s stock worth $320,000 after buying an additional 87 shares during the period. Curran Financial Partners LLC grew its position in Invesco Aerospace & Defense ETF by 5.5% during the first quarter. Curran Financial Partners LLC now owns 2,481 shares of the company’s stock valued at $289,000 after acquiring an additional 130 shares during the period. SOA Wealth Advisors LLC. increased its stake in Invesco Aerospace & Defense ETF by 1.6% during the second quarter. SOA Wealth Advisors LLC. now owns 8,582 shares of the company’s stock worth $1,216,000 after acquiring an additional 136 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Invesco Aerospace & Defense ETF by 3.5% in the 1st quarter. IFP Advisors Inc now owns 4,210 shares of the company’s stock worth $491,000 after purchasing an additional 143 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of Invesco Aerospace & Defense ETF by 3.6% in the 1st quarter. International Assets Investment Management LLC now owns 4,348 shares of the company’s stock valued at $507,000 after purchasing an additional 152 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

PPA opened at $156.26 on Monday. The firm has a 50 day moving average price of $148.80 and a 200 day moving average price of $136.08. The company has a market cap of $6.70 billion, a PE ratio of 30.91 and a beta of 0.98. Invesco Aerospace & Defense ETF has a 1 year low of $100.39 and a 1 year high of $157.36.

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.