Invesco Aerospace & Defense ETF $PPA Stock Position Decreased by Sowell Financial Services LLC

Sowell Financial Services LLC reduced its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 53.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,430 shares of the company’s stock after selling 17,802 shares during the period. Sowell Financial Services LLC’s holdings in Invesco Aerospace & Defense ETF were worth $2,386,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Cetera Investment Advisers raised its holdings in Invesco Aerospace & Defense ETF by 15.4% in the 1st quarter. Cetera Investment Advisers now owns 352,527 shares of the company’s stock worth $58,414,000 after acquiring an additional 47,060 shares during the period. Envestnet Asset Management Inc. lifted its position in Invesco Aerospace & Defense ETF by 9.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 241,110 shares of the company’s stock worth $42,592,000 after acquiring an additional 20,102 shares during the last quarter. Royal Bank of Canada lifted its position in Invesco Aerospace & Defense ETF by 8.9% during the 1st quarter. Royal Bank of Canada now owns 200,967 shares of the company’s stock worth $33,300,000 after acquiring an additional 16,357 shares during the last quarter. Kestra Advisory Services LLC lifted its position in Invesco Aerospace & Defense ETF by 136.8% during the 1st quarter. Kestra Advisory Services LLC now owns 153,727 shares of the company’s stock worth $25,473,000 after acquiring an additional 88,795 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Invesco Aerospace & Defense ETF by 25.2% during the second quarter. Janney Montgomery Scott LLC now owns 140,041 shares of the company’s stock valued at $24,738,000 after acquiring an additional 28,229 shares during the period.

Invesco Aerospace & Defense ETF Price Performance

PPA stock opened at $154.53 on Friday. Invesco Aerospace & Defense ETF has a 52-week low of $144.29 and a 52-week high of $186.30. The company has a 50-day moving average of $162.34 and a two-hundred day moving average of $169.49. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 30.91 and a beta of 0.75.

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.