Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Position Reduced by Beck Capital Management LLC

Beck Capital Management LLC trimmed its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 12.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,440 shares of the company’s stock after selling 8,587 shares during the period. Invesco Aerospace & Defense ETF makes up about 1.9% of Beck Capital Management LLC’s portfolio, making the stock its 13th largest holding. Beck Capital Management LLC owned 0.20% of Invesco Aerospace & Defense ETF worth $7,049,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PPA. LPL Financial LLC lifted its holdings in shares of Invesco Aerospace & Defense ETF by 3.0% in the fourth quarter. LPL Financial LLC now owns 1,434,638 shares of the company’s stock valued at $164,596,000 after buying an additional 41,666 shares during the period. Wells Fargo & Company MN lifted its holdings in Invesco Aerospace & Defense ETF by 3.9% in the 4th quarter. Wells Fargo & Company MN now owns 604,259 shares of the company’s stock valued at $69,327,000 after acquiring an additional 22,441 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Invesco Aerospace & Defense ETF during the 4th quarter valued at about $63,049,000. Summit Trail Advisors LLC grew its stake in shares of Invesco Aerospace & Defense ETF by 1.1% in the 4th quarter. Summit Trail Advisors LLC now owns 538,504 shares of the company’s stock worth $61,783,000 after purchasing an additional 5,927 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Invesco Aerospace & Defense ETF by 6.0% in the 4th quarter. HighTower Advisors LLC now owns 496,264 shares of the company’s stock worth $56,936,000 after purchasing an additional 27,992 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA:PPA opened at $113.40 on Wednesday. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 27.45 and a beta of 0.82. Invesco Aerospace & Defense ETF has a 1-year low of $98.71 and a 1-year high of $124.89. The company has a 50 day moving average price of $115.31 and a 200 day moving average price of $117.27.

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.