Wambolt & Associates LLC Has $1.70 Million Stock Holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Wambolt & Associates LLC reduced its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 14.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,772 shares of the company’s stock after selling 2,397 shares during the quarter. Wambolt & Associates LLC’s holdings in Invesco Aerospace & Defense ETF were worth $1,695,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PPA. Runnymede Capital Advisors Inc. bought a new stake in Invesco Aerospace & Defense ETF during the fourth quarter valued at $25,000. Glass Jacobson Investment Advisors llc raised its holdings in shares of Invesco Aerospace & Defense ETF by 50.5% during the third quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock valued at $35,000 after purchasing an additional 102 shares during the period. Continuum Advisory LLC boosted its position in shares of Invesco Aerospace & Defense ETF by 47.6% during the 3rd quarter. Continuum Advisory LLC now owns 465 shares of the company’s stock worth $55,000 after purchasing an additional 150 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Invesco Aerospace & Defense ETF by 41.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 584 shares of the company’s stock valued at $67,000 after buying an additional 172 shares during the period. Finally, Assetmark Inc. increased its position in Invesco Aerospace & Defense ETF by 29.9% in the 4th quarter. Assetmark Inc. now owns 608 shares of the company’s stock valued at $70,000 after buying an additional 140 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA:PPA opened at $119.91 on Tuesday. Invesco Aerospace & Defense ETF has a 52-week low of $97.64 and a 52-week high of $124.89. The business’s 50 day simple moving average is $117.92 and its two-hundred day simple moving average is $117.09. The firm has a market cap of $4.72 billion, a P/E ratio of 27.08 and a beta of 0.95.

Invesco Aerospace & Defense ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be given a $0.0489 dividend. The ex-dividend date is Monday, March 24th.

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.