International Assets Investment Management LLC Sells 400 Shares of Invesco Aerospace & Defense ETF $PPA

International Assets Investment Management LLC lessened its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 9.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,948 shares of the company’s stock after selling 400 shares during the quarter. International Assets Investment Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $559,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Milestone Investment Advisors LLC bought a new stake in shares of Invesco Aerospace & Defense ETF in the 1st quarter worth about $25,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Invesco Aerospace & Defense ETF during the 1st quarter valued at about $27,000. Banque Transatlantique SA bought a new stake in Invesco Aerospace & Defense ETF during the 1st quarter valued at about $32,000. Simplex Trading LLC bought a new stake in Invesco Aerospace & Defense ETF during the 1st quarter valued at about $56,000. Finally, Ancora Advisors LLC lifted its holdings in Invesco Aerospace & Defense ETF by 49.8% during the 1st quarter. Ancora Advisors LLC now owns 935 shares of the company’s stock valued at $109,000 after buying an additional 311 shares in the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of PPA opened at $156.60 on Wednesday. Invesco Aerospace & Defense ETF has a 1-year low of $100.39 and a 1-year high of $159.96. The company has a 50-day moving average of $150.93 and a 200 day moving average of $139.19. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of 30.91 and a beta of 0.98.

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.