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:PPAFree Report) 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

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding PPA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Aerospace & Defense ETF (NYSEARCA:PPAFree Report).

Institutional Ownership by Quarter for Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

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