Invesco Aerospace & Defense ETF $PPA Position Decreased by Sowell Financial Services LLC

Sowell Financial Services LLC decreased its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 53.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,430 shares of the company’s stock after selling 17,802 shares during the quarter. Sowell Financial Services LLC’s holdings in Invesco Aerospace & Defense ETF were worth $2,386,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its stake in shares of Invesco Aerospace & Defense ETF by 15.4% during the 1st quarter. Cetera Investment Advisers now owns 352,527 shares of the company’s stock valued at $58,414,000 after buying an additional 47,060 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Invesco Aerospace & Defense ETF by 9.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 241,110 shares of the company’s stock valued at $42,592,000 after acquiring an additional 20,102 shares during the last quarter. Royal Bank of Canada lifted its stake in Invesco Aerospace & Defense ETF by 8.9% in the 1st quarter. Royal Bank of Canada now owns 200,967 shares of the company’s stock worth $33,300,000 after purchasing an additional 16,357 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 136.8% in the first quarter. Kestra Advisory Services LLC now owns 153,727 shares of the company’s stock worth $25,473,000 after purchasing an additional 88,795 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Invesco Aerospace & Defense ETF by 25.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 140,041 shares of the company’s stock worth $24,738,000 after acquiring an additional 28,229 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

PPA stock opened at $158.65 on Friday. Invesco Aerospace & Defense ETF has a fifty-two week low of $144.29 and a fifty-two week high of $186.30. The firm has a fifty day moving average price of $159.91 and a 200 day moving average price of $170.78. The firm has a market cap of $7.51 billion, a PE ratio of 30.91 and a beta of 0.75.

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.