Kraft Davis & Associates LLC Reduces Stock Holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Kraft Davis & Associates LLC reduced its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 82.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,177 shares of the company’s stock after selling 14,978 shares during the quarter. Kraft Davis & Associates LLC’s holdings in Invesco Aerospace & Defense ETF were worth $360,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Runnymede Capital Advisors Inc. bought a new stake in Invesco Aerospace & Defense ETF during the 4th quarter valued at approximately $25,000. Wood Tarver Financial Group LLC purchased a new position in shares of Invesco Aerospace & Defense ETF in the 4th quarter valued at approximately $45,000. Sound Income Strategies LLC purchased a new position in shares of Invesco Aerospace & Defense ETF in the 1st quarter valued at approximately $47,000. Fifth Third Bancorp boosted its position 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 valued at $48,000 after purchasing an additional 370 shares in the last quarter. Finally, Orion Capital Management LLC bought a new stake in shares of Invesco Aerospace & Defense ETF during the fourth quarter valued at approximately $49,000.

Invesco Aerospace & Defense ETF Trading Up 0.2%

Shares of Invesco Aerospace & Defense ETF stock opened at $136.80 on Thursday. The firm has a market capitalization of $5.48 billion, a P/E ratio of 29.10 and a beta of 0.85. The business has a fifty day simple moving average of $129.10 and a two-hundred day simple moving average of $120.98. Invesco Aerospace & Defense ETF has a 12 month low of $100.39 and a 12 month high of $137.55.

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.