KPP Advisory Services LLC Trims Stake in Invesco Aerospace & Defense ETF $PPA

KPP Advisory Services LLC reduced its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 33.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,806 shares of the company’s stock after selling 11,855 shares during the quarter. KPP Advisory Services LLC owned 0.05% of Invesco Aerospace & Defense ETF worth $3,701,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Benjamin Edwards Inc. grew its stake in shares of Invesco Aerospace & Defense ETF by 1.2% during the third quarter. Benjamin Edwards Inc. now owns 5,724 shares of the company’s stock valued at $891,000 after buying an additional 69 shares during the last quarter. National Wealth Management Group LLC grew its position in Invesco Aerospace & Defense ETF by 1.3% in the 2nd quarter. National Wealth Management Group LLC now owns 5,445 shares of the company’s stock valued at $772,000 after acquiring an additional 71 shares during the last quarter. Ellis Investment Partners LLC increased its stake in Invesco Aerospace & Defense ETF by 0.5% in the second quarter. Ellis Investment Partners LLC now owns 16,053 shares of the company’s stock worth $2,274,000 after purchasing an additional 73 shares during the period. Smith Moore & CO. increased its stake in Invesco Aerospace & Defense ETF by 3.4% in the second quarter. Smith Moore & CO. now owns 2,347 shares of the company’s stock worth $333,000 after purchasing an additional 77 shares during the period. Finally, Guardian Asset Advisors LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 0.8% during the second quarter. Guardian Asset Advisors LLC now owns 10,512 shares of the company’s stock worth $1,489,000 after purchasing an additional 79 shares during the last quarter.

Invesco Aerospace & Defense ETF Trading Down 0.9%

Shares of PPA opened at $175.27 on Tuesday. The firm has a fifty day moving average price of $159.98 and a 200-day moving average price of $153.94. The firm has a market capitalization of $7.78 billion, a P/E ratio of 30.91 and a beta of 0.87. Invesco Aerospace & Defense ETF has a 12-month low of $100.39 and a 12-month high of $181.31.

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. 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.