Avantax Advisory Services Inc. Reduces Holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Avantax Advisory Services Inc. lessened its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 37.7% during the 4th quarter, Holdings Channel reports. The firm owned 2,448 shares of the company’s stock after selling 1,481 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $281,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Thrivent Financial for Lutherans raised its stake in Invesco Aerospace & Defense ETF by 11.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 11,769 shares of the company’s stock valued at $1,353,000 after purchasing an additional 1,238 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of Invesco Aerospace & Defense ETF by 20.5% during the third quarter. Kingsview Wealth Management LLC now owns 5,306 shares of the company’s stock valued at $610,000 after buying an additional 904 shares during the period. FMR LLC boosted its position in Invesco Aerospace & Defense ETF by 26.6% during the third quarter. FMR LLC now owns 7,061 shares of the company’s stock worth $812,000 after acquiring an additional 1,482 shares during the last quarter. National Wealth Management Group LLC grew its stake in Invesco Aerospace & Defense ETF by 2.2% in the 3rd quarter. National Wealth Management Group LLC now owns 5,393 shares of the company’s stock worth $620,000 after acquiring an additional 116 shares during the period. Finally, Captrust Financial Advisors raised its holdings in Invesco Aerospace & Defense ETF by 8.0% in the 3rd quarter. Captrust Financial Advisors now owns 7,661 shares of the company’s stock valued at $881,000 after acquiring an additional 569 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Up 0.9 %

PPA stock opened at $121.01 on Wednesday. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 27.08 and a beta of 0.95. Invesco Aerospace & Defense ETF has a 52-week low of $97.64 and a 52-week high of $124.89. The stock’s fifty day simple moving average is $118.00 and its 200-day simple moving average is $117.18.

Invesco Aerospace & Defense ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be issued a $0.0489 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.