Invesco Aerospace & Defense ETF $PPA Stock: Sowell Financial Services LLC Trims Position

Sowell Financial Services LLC lessened its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 53.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,430 shares of the company’s stock after selling 17,802 shares during the quarter. Sowell Financial Services LLC’s holdings in Invesco Aerospace & Defense ETF were worth $2,386,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PPA. Montgomery Financial Services LLC bought a new position in shares of Invesco Aerospace & Defense ETF during the second quarter valued at approximately $25,000. Tucker Asset Management LLC grew its holdings in shares of Invesco Aerospace & Defense ETF by 233.7% during the second quarter. Tucker Asset Management LLC now owns 327 shares of the company’s stock valued at $58,000 after buying an additional 229 shares during the last quarter. United Community Bank bought a new stake in shares of Invesco Aerospace & Defense ETF in the 2nd quarter worth $82,000. Rossmore Private Capital lifted its holdings in shares of Invesco Aerospace & Defense ETF by 71.4% during the first quarter. Rossmore Private Capital now owns 600 shares of the company’s stock valued at $99,000 after purchasing an additional 250 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF during the first quarter valued at $105,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA:PPA opened at $158.65 on Friday. The business has a 50-day simple moving average of $159.91 and a two-hundred day simple moving average of $170.78. The firm has a market cap of $7.51 billion, a price-to-earnings ratio of 30.91 and a beta of 0.75. Invesco Aerospace & Defense ETF has a fifty-two week low of $144.29 and a fifty-two week high of $186.30.

Invesco Aerospace & Defense ETF 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. 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.