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

HighTower Advisors LLC lowered its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 498,344 shares of the company’s stock after selling 37,742 shares during the quarter. HighTower Advisors LLC owned 1.11% of Invesco Aerospace & Defense ETF worth $78,056,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. lifted its holdings in Invesco Aerospace & Defense ETF by 84.2% in the third quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock valued at $27,000 after acquiring an additional 80 shares during the period. eCIO Inc. acquired a new stake in Invesco Aerospace & Defense ETF in the fourth quarter valued at $28,000. Binnacle Investments Inc boosted its stake in shares of Invesco Aerospace & Defense ETF by 84.2% during the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock worth $30,000 after acquiring an additional 96 shares in the last quarter. EPG Wealth Management LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF during the 4th quarter worth approximately $31,000. Finally, Y.D. More Investments Ltd boosted its stake in shares of Invesco Aerospace & Defense ETF by 720.0% during the 4th quarter. Y.D. More Investments Ltd now owns 205 shares of the company’s stock worth $32,000 after acquiring an additional 180 shares in the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of NYSEARCA:PPA opened at $168.19 on Thursday. The business’s 50 day simple moving average is $170.45 and its 200-day simple moving average is $166.90. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 30.91 and a beta of 0.72. Invesco Aerospace & Defense ETF has a 12 month low of $128.11 and a 12 month high of $186.30.

About Invesco Aerospace & Defense ETF

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.