Meitav Investment House Ltd. Sells 16,000 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Meitav Investment House Ltd. decreased its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 5.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 286,883 shares of the company’s stock after selling 16,000 shares during the quarter. Meitav Investment House Ltd.’s holdings in Invesco Aerospace & Defense ETF were worth $32,914,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in PPA. Financial Sense Advisors Inc. increased its holdings in shares of Invesco Aerospace & Defense ETF by 67.5% during the 4th quarter. Financial Sense Advisors Inc. now owns 16,583 shares of the company’s stock worth $1,903,000 after acquiring an additional 6,682 shares during the last quarter. Private Advisor Group LLC boosted its position in Invesco Aerospace & Defense ETF by 20.9% during the fourth quarter. Private Advisor Group LLC now owns 80,991 shares of the company’s stock worth $9,292,000 after purchasing an additional 13,984 shares during the period. Global Retirement Partners LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 59.1% in the fourth quarter. Global Retirement Partners LLC now owns 6,392 shares of the company’s stock valued at $733,000 after purchasing an additional 2,374 shares during the last quarter. Valley Wealth Managers Inc. raised its position in shares of Invesco Aerospace & Defense ETF by 12.3% in the fourth quarter. Valley Wealth Managers Inc. now owns 92,872 shares of the company’s stock valued at $10,655,000 after purchasing an additional 10,193 shares during the period. Finally, Atria Wealth Solutions Inc. lifted its stake in shares of Invesco Aerospace & Defense ETF by 0.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 30,701 shares of the company’s stock worth $3,522,000 after buying an additional 152 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA opened at $117.70 on Thursday. The firm has a market cap of $3.67 billion, a P/E ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 52 week low of $94.91 and a 52 week high of $124.89. The firm’s 50-day simple moving average is $117.90 and its 200 day simple moving average is $116.04.

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.