Allworth Financial LP Reduces Stock Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Allworth Financial LP decreased its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 61.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 658 shares of the company’s stock after selling 1,035 shares during the quarter. Allworth Financial LP’s holdings in Invesco Aerospace & Defense ETF were worth $76,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PPA. LPL Financial LLC raised its position in Invesco Aerospace & Defense ETF by 15.6% during the second quarter. LPL Financial LLC now owns 1,372,803 shares of the company’s stock worth $141,014,000 after acquiring an additional 184,961 shares during the last quarter. Miracle Mile Advisors LLC raised its position in shares of Invesco Aerospace & Defense ETF by 2.8% during the 2nd quarter. Miracle Mile Advisors LLC now owns 581,554 shares of the company’s stock worth $59,737,000 after purchasing an additional 15,567 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in Invesco Aerospace & Defense ETF by 6.6% in the 2nd quarter. Axxcess Wealth Management LLC now owns 336,088 shares of the company’s stock valued at $34,523,000 after buying an additional 20,857 shares in the last quarter. Raymond James & Associates grew its holdings in Invesco Aerospace & Defense ETF by 20.8% during the 3rd quarter. Raymond James & Associates now owns 292,618 shares of the company’s stock valued at $33,642,000 after buying an additional 50,360 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in Invesco Aerospace & Defense ETF by 10,225.1% during the third quarter. International Assets Investment Management LLC now owns 278,674 shares of the company’s stock worth $32,039,000 after buying an additional 275,975 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Down 1.9 %

Shares of NYSEARCA:PPA opened at $113.79 on Friday. The company has a market capitalization of $3.54 billion, a P/E ratio of 33.87 and a beta of 0.73. The stock’s fifty day simple moving average is $114.21 and its 200-day simple moving average is $107.80. Invesco Aerospace & Defense ETF has a 52-week low of $80.24 and a 52-week high of $120.16.

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.