Prasad Wealth Partners LLC Reduces Stock Holdings in Invesco Aerospace & Defense ETF $PPA

Prasad Wealth Partners LLC decreased its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 66.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,290 shares of the company’s stock after selling 4,635 shares during the period. Prasad Wealth Partners LLC’s holdings in Invesco Aerospace & Defense ETF were worth $324,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PPA. Park Avenue Securities LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 187.6% during the first quarter. Park Avenue Securities LLC now owns 23,435 shares of the company’s stock worth $2,731,000 after acquiring an additional 15,287 shares in the last quarter. Outlook Wealth Advisors LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 26.1% during the first quarter. Outlook Wealth Advisors LLC now owns 11,984 shares of the company’s stock worth $1,397,000 after acquiring an additional 2,480 shares in the last quarter. CMH Wealth Management LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 5.2% during the first quarter. CMH Wealth Management LLC now owns 45,115 shares of the company’s stock worth $5,258,000 after acquiring an additional 2,221 shares in the last quarter. Focus Financial Network Inc. lifted its position in shares of Invesco Aerospace & Defense ETF by 17.8% during the first quarter. Focus Financial Network Inc. now owns 15,385 shares of the company’s stock worth $1,793,000 after acquiring an additional 2,324 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 11.6% during the first quarter. Capital Advisors Ltd. LLC now owns 22,865 shares of the company’s stock worth $2,665,000 after acquiring an additional 2,383 shares in the last quarter.

Invesco Aerospace & Defense ETF Price Performance

NYSEARCA:PPA opened at $158.42 on Tuesday. Invesco Aerospace & Defense ETF has a 1 year low of $100.39 and a 1 year high of $158.42. The company has a market cap of $6.80 billion, a P/E ratio of 30.91 and a beta of 0.98. The stock’s fifty day moving average price is $149.03 and its two-hundred day moving average price is $136.37.

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.