Wambolt & Associates LLC Sells 900 Shares of Invesco Aerospace & Defense ETF $PPA

Wambolt & Associates LLC decreased its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 6.2% during the second quarter, Holdings Channel reports. The fund owned 13,546 shares of the company’s stock after selling 900 shares during the period. Wambolt & Associates LLC’s holdings in Invesco Aerospace & Defense ETF were worth $1,894,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Briaud Financial Planning Inc purchased a new position in shares of Invesco Aerospace & Defense ETF in the 2nd quarter valued at approximately $27,000. Banque Transatlantique SA bought a new position in Invesco Aerospace & Defense ETF in the first quarter worth $32,000. Atlantic Union Bankshares Corp bought a new position in Invesco Aerospace & Defense ETF in the second quarter worth $43,000. Simplex Trading LLC purchased a new position in Invesco Aerospace & Defense ETF during the first quarter valued at $56,000. Finally, GHP Investment Advisors Inc. lifted its position in Invesco Aerospace & Defense ETF by 401.0% during the second quarter. GHP Investment Advisors Inc. now owns 501 shares of the company’s stock valued at $71,000 after buying an additional 401 shares during the period.

Invesco Aerospace & Defense ETF Trading Up 1.2%

Shares of PPA stock opened at $149.33 on Wednesday. The company’s fifty day moving average price is $153.88 and its 200-day moving average price is $145.81. The stock has a market cap of $6.49 billion, a PE ratio of 30.91 and a beta of 0.87. Invesco Aerospace & Defense ETF has a 12 month low of $100.39 and a 12 month high of $160.37.

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.