Invesco Aerospace & Defense ETF $PPA Stock: Flagship Harbor Advisors LLC Cuts Position

Flagship Harbor Advisors LLC reduced its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 12.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 28,744 shares of the company’s stock after selling 3,946 shares during the period. Flagship Harbor Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $4,444,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Kingswood Wealth Advisors LLC grew its stake in Invesco Aerospace & Defense ETF by 0.4% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 17,762 shares of the company’s stock worth $2,746,000 after acquiring an additional 71 shares during the period. BIP Wealth LLC grew its holdings in Invesco Aerospace & Defense ETF by 4.6% during the 3rd quarter. BIP Wealth LLC now owns 8,442 shares of the company’s stock valued at $1,305,000 after purchasing an additional 372 shares in the last quarter. CMH Wealth Management LLC grew its stake in Invesco Aerospace & Defense ETF by 4.1% during the 3rd quarter. CMH Wealth Management LLC now owns 44,823 shares of the company’s stock valued at $6,931,000 after purchasing an additional 1,778 shares in the last quarter. Schuylkill Financial LLC acquired a new position in shares of Invesco Aerospace & Defense ETF during the 3rd quarter valued at $840,000. Finally, New England Private Wealth Advisors LLC raised its holdings in shares of Invesco Aerospace & Defense ETF by 3.6% in the 3rd quarter. New England Private Wealth Advisors LLC now owns 39,966 shares of the company’s stock worth $6,180,000 after purchasing an additional 1,374 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Up 2.6%

Shares of NYSEARCA PPA opened at $158.11 on Tuesday. Invesco Aerospace & Defense ETF has a 52-week low of $144.29 and a 52-week high of $186.30. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 30.91 and a beta of 0.75. The stock’s fifty day simple moving average is $161.58 and its 200 day simple moving average is $171.00.

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.