Truist Financial Corp Cuts Stock Holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Truist Financial Corp trimmed its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,507 shares of the company’s stock after selling 5,869 shares during the quarter. Truist Financial Corp owned 0.33% of Invesco Aerospace & Defense ETF worth $11,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Valley Brook Capital Group Inc. boosted its holdings in shares of Invesco Aerospace & Defense ETF by 3.3% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 2,781 shares of the company’s stock worth $320,000 after buying an additional 90 shares during the last quarter. XML Financial LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 3.0% in the 3rd quarter. XML Financial LLC now owns 3,205 shares of the company’s stock worth $368,000 after buying an additional 92 shares during the last quarter. Carr Financial Group Corp boosted its holdings in shares of Invesco Aerospace & Defense ETF by 1.1% in the 3rd quarter. Carr Financial Group Corp now owns 9,650 shares of the company’s stock worth $1,109,000 after buying an additional 102 shares during the last quarter. Glass Jacobson Investment Advisors llc boosted its holdings in shares of Invesco Aerospace & Defense ETF by 50.5% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock worth $35,000 after buying an additional 102 shares during the last quarter. Finally, National Wealth Management Group LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 2.2% in the 3rd quarter. National Wealth Management Group LLC now owns 5,393 shares of the company’s stock worth $620,000 after buying an additional 116 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA:PPA opened at $116.59 on Friday. The company’s 50-day moving average is $117.89 and its 200 day moving average is $116.04. The company has a market capitalization of $4.68 billion, a P/E ratio of 27.41 and a beta of 0.96. Invesco Aerospace & Defense ETF has a fifty-two week low of $94.91 and a fifty-two week high of $124.89.

About Invesco Aerospace & Defense ETF

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.