HighTower Advisors LLC Sells 11,055 Shares of Invesco Aerospace & Defense ETF $PPA

HighTower Advisors LLC reduced its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 480,274 shares of the company’s stock after selling 11,055 shares during the period. HighTower Advisors LLC owned 1.01% of Invesco Aerospace & Defense ETF worth $84,840,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Montgomery Financial Services LLC purchased a new position in shares of Invesco Aerospace & Defense ETF during the second quarter valued at $25,000. Binnacle Investments Inc lifted its stake in Invesco Aerospace & Defense ETF by 84.2% in the second quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock worth $30,000 after acquiring an additional 96 shares during the period. Bayban bought a new position in Invesco Aerospace & Defense ETF during the 4th quarter worth about $38,000. Wealth Watch Advisors INC bought a new position in Invesco Aerospace & Defense ETF during the 3rd quarter worth about $49,000. Finally, Ankerstar Wealth LLC purchased a new position in Invesco Aerospace & Defense ETF during the 4th quarter valued at about $52,000.

Invesco Aerospace & Defense ETF Stock Performance

NYSEARCA:PPA opened at $165.18 on Tuesday. The firm has a 50-day simple moving average of $175.13 and a 200-day simple moving average of $173.65. Invesco Aerospace & Defense ETF has a one year low of $144.29 and a one year high of $186.30. The firm has a market cap of $7.82 billion, a P/E ratio of 30.91 and a beta of 0.74.

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. 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.