CoreCap Advisors LLC reduced its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Free Report) by 23.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 782 shares of the company’s stock after selling 243 shares during the period. CoreCap Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $90,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Runnymede Capital Advisors Inc. bought a new stake in shares of Invesco Aerospace & Defense ETF during the fourth quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Invesco Aerospace & Defense ETF by 41.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 584 shares of the company’s stock valued at $67,000 after buying an additional 172 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Invesco Aerospace & Defense ETF by 29.9% during the fourth quarter. Assetmark Inc. now owns 608 shares of the company’s stock valued at $70,000 after buying an additional 140 shares during the last quarter. Newbridge Financial Services Group Inc. grew its position in Invesco Aerospace & Defense ETF by 29.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 637 shares of the company’s stock valued at $73,000 after buying an additional 146 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in Invesco Aerospace & Defense ETF by 15.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 639 shares of the company’s stock valued at $74,000 after buying an additional 87 shares in the last quarter.
Invesco Aerospace & Defense ETF Stock Up 0.4%
Shares of PPA opened at $128.67 on Wednesday. The firm has a 50-day moving average price of $117.28 and a 200 day moving average price of $117.79. The firm has a market capitalization of $5.01 billion, a PE ratio of 29.16 and a beta of 0.84. Invesco Aerospace & Defense ETF has a 52-week low of $100.39 and a 52-week high of $129.60.
About Invesco Aerospace & Defense ETF
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.
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