Investment Management Corp VA ADV lowered its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Free Report) by 31.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 33,718 shares of the company’s stock after selling 15,577 shares during the period. Invesco Aerospace & Defense ETF comprises approximately 4.1% of Investment Management Corp VA ADV’s investment portfolio, making the stock its 6th largest position. Investment Management Corp VA ADV’s holdings in Invesco Aerospace & Defense ETF were worth $5,213,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC grew its position in Invesco Aerospace & Defense ETF by 3,460.0% during the third quarter. International Assets Investment Management LLC now owns 300,000 shares of the company’s stock valued at $46,386,000 after acquiring an additional 291,573 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of Invesco Aerospace & Defense ETF by 136.8% in the 1st quarter. Kestra Advisory Services LLC now owns 153,727 shares of the company’s stock worth $25,473,000 after acquiring an additional 88,795 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Invesco Aerospace & Defense ETF by 8,939.8% in the 1st quarter. Assetmark Inc. now owns 68,974 shares of the company’s stock worth $11,429,000 after acquiring an additional 68,211 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Invesco Aerospace & Defense ETF by 15.4% in the 1st quarter. Cetera Investment Advisers now owns 352,527 shares of the company’s stock worth $58,414,000 after acquiring an additional 47,060 shares during the last quarter. Finally, Modern Wealth Management LLC lifted its holdings in shares of Invesco Aerospace & Defense ETF by 39.3% in the 1st quarter. Modern Wealth Management LLC now owns 125,622 shares of the company’s stock worth $21,313,000 after acquiring an additional 35,466 shares during the last quarter.
Invesco Aerospace & Defense ETF Stock Performance
Shares of Invesco Aerospace & Defense ETF stock opened at $153.19 on Friday. Invesco Aerospace & Defense ETF has a 52-week low of $144.29 and a 52-week high of $186.30. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 26.95 and a beta of 0.76. The company has a fifty day moving average of $158.42 and a 200-day moving average of $170.26.
About Invesco Aerospace & Defense ETF
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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