Invesco Aerospace & Defense ETF $PPA Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lowered its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 4.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,455 shares of the company’s stock after selling 178 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Milestone Investment Advisors LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF during the first quarter worth about $25,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Invesco Aerospace & Defense ETF in the first quarter valued at $27,000. Banque Transatlantique SA purchased a new stake in Invesco Aerospace & Defense ETF during the 1st quarter valued at approximately $32,000. Fifth Third Bancorp lifted its holdings in shares of Invesco Aerospace & Defense ETF by 840.9% during the first quarter. Fifth Third Bancorp now owns 414 shares of the company’s stock worth $48,000 after purchasing an additional 370 shares during the period. Finally, Simplex Trading LLC acquired a new position in Invesco Aerospace & Defense ETF in the 1st quarter valued at $56,000.

Invesco Aerospace & Defense ETF Trading Down 0.3%

Shares of PPA opened at $152.36 on Friday. The stock’s 50 day moving average is $150.58 and its two-hundred day moving average is $138.54. Invesco Aerospace & Defense ETF has a twelve month low of $100.39 and a twelve month high of $159.96. The firm has a market capitalization of $6.59 billion, a PE ratio of 30.91 and a beta of 0.98.

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.