International Assets Investment Management LLC Cuts Stock Holdings in Invesco Aerospace & Defense ETF $PPA

International Assets Investment Management LLC trimmed its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 9.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,948 shares of the company’s stock after selling 400 shares during the period. International Assets Investment Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $559,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. LPL Financial LLC grew its stake in Invesco Aerospace & Defense ETF by 1.2% during the first quarter. LPL Financial LLC now owns 1,452,559 shares of the company’s stock valued at $169,296,000 after acquiring an additional 17,921 shares in the last quarter. HighTower Advisors LLC grew its stake in Invesco Aerospace & Defense ETF by 0.6% during the first quarter. HighTower Advisors LLC now owns 499,414 shares of the company’s stock valued at $58,207,000 after acquiring an additional 3,150 shares in the last quarter. Capital Asset Advisory Services LLC grew its stake in Invesco Aerospace & Defense ETF by 3.9% during the second quarter. Capital Asset Advisory Services LLC now owns 360,983 shares of the company’s stock valued at $50,473,000 after acquiring an additional 13,405 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in Invesco Aerospace & Defense ETF by 3.4% during the second quarter. Axxcess Wealth Management LLC now owns 358,675 shares of the company’s stock valued at $50,821,000 after acquiring an additional 11,909 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in Invesco Aerospace & Defense ETF by 16.3% during the first quarter. Cetera Investment Advisers now owns 279,660 shares of the company’s stock valued at $32,594,000 after acquiring an additional 39,268 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Up 1.0%

Shares of NYSEARCA:PPA opened at $156.60 on Wednesday. Invesco Aerospace & Defense ETF has a 52 week low of $100.39 and a 52 week high of $159.96. The stock has a market capitalization of $6.78 billion, a P/E ratio of 30.91 and a beta of 0.98. The firm has a fifty day simple moving average of $150.93 and a two-hundred day simple moving average of $139.19.

Invesco Aerospace & Defense ETF 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.