Invesco Aerospace & Defense ETF $PPA Holdings Lowered by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC trimmed its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 46.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,917 shares of the company’s stock after selling 7,640 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $1,379,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Partners Wealth Management LLC acquired a new stake in Invesco Aerospace & Defense ETF during the 3rd quarter worth $303,000. Livelsberger Financial Advisory purchased a new stake in shares of Invesco Aerospace & Defense ETF during the third quarter worth $147,000. DecisionPoint Financial LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF during the third quarter worth $46,000. Lynx Investment Advisory grew its holdings in shares of Invesco Aerospace & Defense ETF by 5.4% during the third quarter. Lynx Investment Advisory now owns 6,381 shares of the company’s stock worth $987,000 after buying an additional 329 shares in the last quarter. Finally, Victory Financial Group LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF in the third quarter valued at about $2,122,000.

Invesco Aerospace & Defense ETF Trading Down 2.2%

NYSEARCA:PPA opened at $158.65 on Friday. The company’s 50-day moving average price is $159.91 and its 200-day moving average price is $170.78. The company has a market cap of $7.51 billion, a P/E ratio of 30.91 and a beta of 0.75. Invesco Aerospace & Defense ETF has a twelve month low of $144.29 and a twelve month 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.