Orleans Capital Management Corp LA Has $3.37 Million Position in Invesco Aerospace & Defense ETF $PPA

Orleans Capital Management Corp LA reduced its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 20.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,701 shares of the company’s stock after selling 5,684 shares during the period. Invesco Aerospace & Defense ETF makes up approximately 2.2% of Orleans Capital Management Corp LA’s investment portfolio, making the stock its 13th biggest position. Orleans Capital Management Corp LA’s holdings in Invesco Aerospace & Defense ETF were worth $3,373,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Evolution Wealth Management Inc. bought a new position in Invesco Aerospace & Defense ETF in the 2nd quarter valued at approximately $26,000. BOK Financial Private Wealth Inc. boosted its holdings in Invesco Aerospace & Defense ETF by 84.2% in the third quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock valued at $27,000 after acquiring an additional 80 shares during the last quarter. Binnacle Investments Inc boosted its stake in shares of Invesco Aerospace & Defense ETF by 84.2% in the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Invesco Aerospace & Defense ETF during the 2nd quarter worth about $43,000. Finally, Avalon Trust Co acquired a new stake in shares of Invesco Aerospace & Defense ETF during the 3rd quarter worth approximately $47,000.

Invesco Aerospace & Defense ETF Stock Performance

PPA stock opened at $180.76 on Friday. Invesco Aerospace & Defense ETF has a fifty-two week low of $100.39 and a fifty-two week high of $186.30. The stock’s 50 day simple moving average is $174.65 and its 200 day simple moving average is $160.15. The company has a market cap of $8.10 billion, a P/E ratio of 30.91 and a beta of 0.87.

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.