Ellis Investment Partners LLC Lowers Holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Ellis Investment Partners LLC trimmed its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 0.5% in the 4th quarter, Holdings Channel reports. The firm owned 16,351 shares of the company’s stock after selling 88 shares during the quarter. Ellis Investment Partners LLC’s holdings in Invesco Aerospace & Defense ETF were worth $1,876,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Park Avenue Securities LLC bought a new stake in Invesco Aerospace & Defense ETF during the fourth quarter valued at $935,000. FMR LLC boosted its position in shares of Invesco Aerospace & Defense ETF by 26.6% during the 3rd quarter. FMR LLC now owns 7,061 shares of the company’s stock valued at $812,000 after acquiring an additional 1,482 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Invesco Aerospace & Defense ETF by 87.2% during the third quarter. JPMorgan Chase & Co. now owns 16,218 shares of the company’s stock worth $1,865,000 after purchasing an additional 7,555 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Invesco Aerospace & Defense ETF by 7.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 91,667 shares of the company’s stock worth $10,517,000 after purchasing an additional 6,648 shares in the last quarter. Finally, Zacks Investment Management increased its position in shares of Invesco Aerospace & Defense ETF by 5.1% in the third quarter. Zacks Investment Management now owns 2,627 shares of the company’s stock worth $302,000 after purchasing an additional 127 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of Invesco Aerospace & Defense ETF stock opened at $116.98 on Friday. Invesco Aerospace & Defense ETF has a 1 year low of $94.91 and a 1 year high of $124.89. The firm has a market cap of $3.64 billion, a PE ratio of 33.87 and a beta of 0.73. The company has a 50 day simple moving average of $117.94 and a two-hundred day simple moving average of $115.83.

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.