Spectrum Strategic Capital Management LLC Cuts Stake in Invesco Aerospace & Defense ETF $PPA

Spectrum Strategic Capital Management LLC decreased its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 22.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,374 shares of the company’s stock after selling 4,654 shares during the period. Invesco Aerospace & Defense ETF makes up about 1.4% of Spectrum Strategic Capital Management LLC’s holdings, making the stock its 18th biggest holding. Spectrum Strategic Capital Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $2,565,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. boosted its stake in shares of Invesco Aerospace & Defense ETF by 84.2% in the 3rd quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock valued at $27,000 after purchasing an additional 80 shares in the last quarter. eCIO Inc. purchased a new stake in shares of Invesco Aerospace & Defense ETF in the 4th quarter valued at $28,000. EPG Wealth Management LLC purchased a new stake in Invesco Aerospace & Defense ETF during the 4th quarter valued at $31,000. Y.D. More Investments Ltd boosted its position in 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 valued at $32,000 after buying an additional 180 shares during the period. Finally, Binnacle Investments Inc boosted its position in Invesco Aerospace & Defense ETF by 84.2% during the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock valued at $30,000 after buying an additional 96 shares during the period.

Invesco Aerospace & Defense ETF Price Performance

Shares of PPA opened at $164.59 on Monday. The stock has a market capitalization of $7.87 billion, a P/E ratio of 30.91 and a beta of 0.72. The firm has a fifty day simple moving average of $171.28 and a two-hundred day simple moving average of $166.73. Invesco Aerospace & Defense ETF has a twelve month low of $128.11 and a twelve 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.