Invesco Aerospace & Defense ETF $PPA Shares Sold by Uniting Wealth Partners LLC

Uniting Wealth Partners LLC reduced its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 29.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,099 shares of the company’s stock after selling 16,618 shares during the period. Invesco Aerospace & Defense ETF makes up approximately 1.4% of Uniting Wealth Partners LLC’s portfolio, making the stock its 14th largest position. Uniting Wealth Partners LLC owned about 0.09% of Invesco Aerospace & Defense ETF worth $6,078,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Quaker Wealth Management LLC increased its position in Invesco Aerospace & Defense ETF by 202.4% during the 2nd quarter. Quaker Wealth Management LLC now owns 52,694 shares of the company’s stock worth $7,466,000 after purchasing an additional 104,139 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Invesco Aerospace & Defense ETF by 66.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 246,697 shares of the company’s stock valued at $38,349,000 after buying an additional 98,597 shares during the period. Beacon Harbor Wealth Advisors Inc. purchased a new stake in shares of Invesco Aerospace & Defense ETF in the third quarter valued at approximately $12,939,000. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management acquired a new position in Invesco Aerospace & Defense ETF during the second quarter worth $10,202,000. Finally, Warner Group LLC purchased a new position in Invesco Aerospace & Defense ETF in the third quarter worth $6,753,000.

Invesco Aerospace & Defense ETF Stock Performance

Invesco Aerospace & Defense ETF stock opened at $176.10 on Friday. The company has a market cap of $7.89 billion, a P/E ratio of 30.91 and a beta of 0.87. Invesco Aerospace & Defense ETF has a one year low of $100.39 and a one year high of $181.31. The business has a fifty day moving average of $167.14 and a two-hundred day moving average of $156.72.

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.