Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Shares Sold by ELCO Management Co. LLC

ELCO Management Co. LLC reduced its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 1.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,698 shares of the company’s stock after selling 100 shares during the quarter. ELCO Management Co. LLC’s holdings in Invesco Aerospace & Defense ETF were worth $585,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PPA. PNC Financial Services Group Inc. lifted its position in shares of Invesco Aerospace & Defense ETF by 4.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company’s stock worth $490,000 after buying an additional 221 shares during the last quarter. UBS Group AG grew its holdings in shares of Invesco Aerospace & Defense ETF by 17.5% during the fourth quarter. UBS Group AG now owns 246,057 shares of the company’s stock valued at $22,677,000 after purchasing an additional 36,591 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Invesco Aerospace & Defense ETF by 52.8% during the fourth quarter. Assetmark Inc. now owns 4,374 shares of the company’s stock valued at $403,000 after purchasing an additional 1,512 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Invesco Aerospace & Defense ETF by 53.7% during the 4th quarter. Parallel Advisors LLC now owns 1,964 shares of the company’s stock worth $181,000 after purchasing an additional 686 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Invesco Aerospace & Defense ETF by 25.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 40,481 shares of the company’s stock worth $3,731,000 after purchasing an additional 8,243 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

NYSEARCA:PPA opened at $114.22 on Wednesday. The firm has a market capitalization of $3.56 billion, a P/E ratio of 33.87 and a beta of 0.73. The business has a 50 day simple moving average of $109.39 and a 200 day simple moving average of $104.80. Invesco Aerospace & Defense ETF has a 12-month low of $77.50 and a 12-month high of $114.72.

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.