Capital Asset Advisory Services LLC Reduces Holdings in Invesco Aerospace & Defense ETF $PPA

Capital Asset Advisory Services LLC reduced its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Free Report) by 4.0% during the first quarter, HoldingsChannel reports. The firm owned 325,342 shares of the company’s stock after selling 13,424 shares during the quarter. Invesco Aerospace & Defense ETF comprises about 2.1% of Capital Asset Advisory Services LLC’s holdings, making the stock its 14th largest holding. Capital Asset Advisory Services LLC’s holdings in Invesco Aerospace & Defense ETF were worth $57,355,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PPA. eCIO Inc. purchased a new position in shares of Invesco Aerospace & Defense ETF in the fourth quarter valued at $28,000. Binnacle Investments Inc increased its stake in Invesco Aerospace & Defense ETF by 84.2% during the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock worth $30,000 after buying an additional 96 shares during the period. EPG Wealth Management LLC purchased a new stake in Invesco Aerospace & Defense ETF during the 4th quarter worth $31,000. Y.D. More Investments Ltd lifted its holdings in Invesco Aerospace & Defense ETF by 720.0% in the 4th quarter. Y.D. More Investments Ltd now owns 205 shares of the company’s stock worth $32,000 after buying an additional 180 shares in the last quarter. Finally, Bayban acquired a new position in Invesco Aerospace & Defense ETF in the 4th quarter worth $38,000.

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Invesco Aerospace & Defense ETF Price Performance

NYSEARCA:PPA opened at $177.53 on Thursday. The firm has a 50-day moving average of $170.92 and a two-hundred day moving average of $171.52. The stock has a market cap of $8.79 billion, a P/E ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 1-year low of $138.83 and a 1-year high of $186.30.

About Invesco Aerospace & Defense ETF

(Free Report)

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. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.

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