Smithbridge Asset Management Inc. DE Lowers Stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Smithbridge Asset Management Inc. DE trimmed its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 5.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,938 shares of the company’s stock after selling 532 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in Invesco Aerospace & Defense ETF were worth $1,028,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Brookstone Capital Management lifted its position in Invesco Aerospace & Defense ETF by 22.9% during the first quarter. Brookstone Capital Management now owns 10,075 shares of the company’s stock valued at $1,023,000 after buying an additional 1,879 shares in the last quarter. Kovack Advisors Inc. increased its holdings in Invesco Aerospace & Defense ETF by 13.5% in the 1st quarter. Kovack Advisors Inc. now owns 2,486 shares of the company’s stock valued at $253,000 after purchasing an additional 295 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in Invesco Aerospace & Defense ETF by 68.4% in the second quarter. Great Valley Advisor Group Inc. now owns 32,754 shares of the company’s stock valued at $3,365,000 after purchasing an additional 13,308 shares during the period. Diversify Advisory Services LLC purchased a new position in Invesco Aerospace & Defense ETF in the second quarter valued at about $230,000. Finally, PFG Investments LLC lifted its stake in shares of Invesco Aerospace & Defense ETF by 23.1% during the second quarter. PFG Investments LLC now owns 7,882 shares of the company’s stock worth $810,000 after purchasing an additional 1,480 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA stock traded up $0.03 during trading hours on Monday, reaching $116.67. The company had a trading volume of 9,109 shares, compared to its average volume of 167,477. The stock’s fifty day simple moving average is $113.88 and its 200 day simple moving average is $107.50. The company has a market capitalization of $3.63 billion, a P/E ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a twelve month low of $79.63 and a twelve month high of $120.16.

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.