Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Shares Sold by Diversified LLC

Diversified LLC cut its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 2.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,738 shares of the company’s stock after selling 499 shares during the period. Invesco Aerospace & Defense ETF comprises approximately 0.3% of Diversified LLC’s investment portfolio, making the stock its 28th biggest holding. Diversified LLC’s holdings in Invesco Aerospace & Defense ETF were worth $2,844,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Howe & Rusling Inc. acquired a new position in Invesco Aerospace & Defense ETF during the third quarter valued at $27,000. Beacon Capital Management LLC increased its holdings in Invesco Aerospace & Defense ETF by 31.6% in the first quarter. Beacon Capital Management LLC now owns 416 shares of the company’s stock valued at $42,000 after buying an additional 100 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Invesco Aerospace & Defense ETF in the second quarter valued at $42,000. Eastern Bank purchased a new position in Invesco Aerospace & Defense ETF in the third quarter valued at $46,000. Finally, EverSource Wealth Advisors LLC purchased a new position in Invesco Aerospace & Defense ETF in the first quarter valued at $54,000.

Invesco Aerospace & Defense ETF Stock Performance

PPA opened at $122.00 on Monday. Invesco Aerospace & Defense ETF has a fifty-two week low of $86.53 and a fifty-two week high of $124.89. The company has a fifty day moving average of $116.95 and a two-hundred day moving average of $110.03. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73.

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.