Beacon Pointe Advisors LLC Sells 3,730 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Beacon Pointe Advisors LLC lowered its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,527 shares of the company’s stock after selling 3,730 shares during the period. Beacon Pointe Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $6,371,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Gerber Kawasaki Wealth & Investment Management lifted its position in Invesco Aerospace & Defense ETF by 5.4% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,557 shares of the company’s stock worth $408,000 after buying an additional 181 shares during the last quarter. Prosperity Consulting Group LLC raised its stake in shares of Invesco Aerospace & Defense ETF by 12.2% during the fourth quarter. Prosperity Consulting Group LLC now owns 50,813 shares of the company’s stock worth $5,830,000 after acquiring an additional 5,532 shares in the last quarter. Capital Analysts LLC lifted its holdings in shares of Invesco Aerospace & Defense ETF by 321.3% in the 4th quarter. Capital Analysts LLC now owns 1,504 shares of the company’s stock worth $173,000 after acquiring an additional 1,147 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Invesco Aerospace & Defense ETF by 11.1% in the 4th quarter. Integrated Wealth Concepts LLC now owns 11,210 shares of the company’s stock valued at $1,286,000 after purchasing an additional 1,117 shares in the last quarter. Finally, Coppell Advisory Solutions LLC grew its holdings in shares of Invesco Aerospace & Defense ETF by 19.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 2,503 shares of the company’s stock valued at $288,000 after purchasing an additional 399 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Up 0.6 %

Shares of NYSEARCA:PPA opened at $121.25 on Wednesday. The company’s fifty day moving average is $115.50 and its 200 day moving average is $117.36. Invesco Aerospace & Defense ETF has a 52 week low of $100.39 and a 52 week high of $124.89. The stock has a market cap of $4.71 billion, a PE ratio of 27.45 and a beta of 0.82.

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.