LM Advisors LLC Sells 5,060 Shares of Invesco Aerospace & Defense ETF $PPA

LM Advisors LLC lessened its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 84.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 940 shares of the company’s stock after selling 5,060 shares during the quarter. LM Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $147,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its position in Invesco Aerospace & Defense ETF by 2.3% during the third quarter. Bank of America Corp DE now owns 7,668,214 shares of the company’s stock worth $1,192,024,000 after purchasing an additional 173,290 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Invesco Aerospace & Defense ETF by 2,760.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,817,263 shares of the company’s stock worth $441,268,000 after purchasing an additional 2,718,777 shares during the period. Morgan Stanley boosted its position in Invesco Aerospace & Defense ETF by 1.3% during the fourth quarter. Morgan Stanley now owns 2,143,208 shares of the company’s stock worth $335,691,000 after purchasing an additional 27,624 shares during the period. LPL Financial LLC lifted its holdings in shares of Invesco Aerospace & Defense ETF by 3.6% in the fourth quarter. LPL Financial LLC now owns 1,729,063 shares of the company’s stock worth $270,823,000 after buying an additional 60,321 shares in the last quarter. Finally, UBS Group AG lifted its holdings in shares of Invesco Aerospace & Defense ETF by 5.9% in the third quarter. UBS Group AG now owns 825,841 shares of the company’s stock worth $128,377,000 after buying an additional 46,319 shares in the last quarter.

Invesco Aerospace & Defense ETF Trading Down 1.2%

Shares of Invesco Aerospace & Defense ETF stock opened at $174.13 on Friday. Invesco Aerospace & Defense ETF has a 12-month low of $133.95 and a 12-month high of $186.30. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 30.91 and a beta of 0.73. The company’s 50-day moving average price is $170.92 and its 200-day moving average price is $169.21.

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.