Sigma Planning Corp Lowers Stock Holdings in Invesco Aerospace & Defense ETF $PPA

Sigma Planning Corp cut its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 49.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,711 shares of the company’s stock after selling 8,640 shares during the period. Sigma Planning Corp’s holdings in Invesco Aerospace & Defense ETF were worth $1,443,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PPA. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco Aerospace & Defense ETF by 2,760.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,817,263 shares of the company’s stock valued at $441,268,000 after purchasing an additional 2,718,777 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Invesco Aerospace & Defense ETF by 533.3% during the third quarter. BNP Paribas Financial Markets now owns 190,000 shares of the company’s stock worth $29,536,000 after purchasing an additional 160,000 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Invesco Aerospace & Defense ETF by 43.6% during the third quarter. Ameriprise Financial Inc. now owns 400,922 shares of the company’s stock worth $62,303,000 after purchasing an additional 121,776 shares during the period. Kestra Advisory Services LLC grew its position in Invesco Aerospace & Defense ETF by 136.8% in the 1st quarter. Kestra Advisory Services LLC now owns 153,727 shares of the company’s stock valued at $25,473,000 after buying an additional 88,795 shares during the last quarter. Finally, EFG International AG purchased a new position in Invesco Aerospace & Defense ETF in the 4th quarter valued at $13,799,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA opened at $168.51 on Friday. The stock has a market capitalization of $7.95 billion, a P/E ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 1 year low of $142.07 and a 1 year high of $186.30. The company’s fifty day moving average is $172.84 and its two-hundred day moving average is $172.98.

Invesco Aerospace & Defense ETF Company 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.