Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 32.0% in the fourth quarter, Holdings Channel reports. The firm owned 675 shares of the company’s stock after selling 317 shares during the period. US Bancorp DE’s holdings in Invesco Aerospace & Defense ETF were worth $77,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PPA. Kovack Advisors Inc. grew its position in Invesco Aerospace & Defense ETF by 8.5% in the fourth quarter. Kovack Advisors Inc. now owns 2,859 shares of the company’s stock valued at $328,000 after acquiring an additional 223 shares in the last quarter. WT Wealth Management grew its position in Invesco Aerospace & Defense ETF by 3.5% in the fourth quarter. WT Wealth Management now owns 37,076 shares of the company’s stock valued at $4,254,000 after acquiring an additional 1,247 shares in the last quarter. Prasad Wealth Partners LLC acquired a new stake in Invesco Aerospace & Defense ETF in the fourth quarter valued at approximately $6,828,000. IFP Advisors Inc grew its position in Invesco Aerospace & Defense ETF by 46.8% in the fourth quarter. IFP Advisors Inc now owns 4,067 shares of the company’s stock valued at $467,000 after acquiring an additional 1,296 shares in the last quarter. Finally, WealthShield Partners LLC grew its position in Invesco Aerospace & Defense ETF by 478.1% in the fourth quarter. WealthShield Partners LLC now owns 4,972 shares of the company’s stock valued at $570,000 after acquiring an additional 4,112 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Up 1.4 %

Shares of NYSEARCA:PPA opened at $117.36 on Tuesday. Invesco Aerospace & Defense ETF has a 52-week low of $97.64 and a 52-week high of $124.89. The company has a 50 day moving average of $117.57 and a two-hundred day moving average of $116.85. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 27.08 and a beta of 0.95.

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.