Spectrum Strategic Capital Management LLC Decreases Stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Spectrum Strategic Capital Management LLC reduced its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,536 shares of the company’s stock after selling 859 shares during the period. Invesco Aerospace & Defense ETF comprises approximately 1.8% of Spectrum Strategic Capital Management LLC’s portfolio, making the stock its 11th largest position. Spectrum Strategic Capital Management LLC owned approximately 0.08% of Invesco Aerospace & Defense ETF worth $2,815,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Park Avenue Securities LLC acquired a new stake in Invesco Aerospace & Defense ETF during the 4th quarter worth $935,000. FMR LLC lifted its holdings in shares of Invesco Aerospace & Defense ETF by 26.6% in the 3rd quarter. FMR LLC now owns 7,061 shares of the company’s stock valued at $812,000 after purchasing an additional 1,482 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Invesco Aerospace & Defense ETF by 87.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,218 shares of the company’s stock valued at $1,865,000 after purchasing an additional 7,555 shares during the period. Zacks Investment Management grew its stake in Invesco Aerospace & Defense ETF by 5.1% during the 3rd quarter. Zacks Investment Management now owns 2,627 shares of the company’s stock worth $302,000 after buying an additional 127 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in Invesco Aerospace & Defense ETF by 171.9% during the third quarter. Quantinno Capital Management LP now owns 14,268 shares of the company’s stock worth $1,640,000 after buying an additional 9,020 shares during the period.

Invesco Aerospace & Defense ETF Trading Down 1.6 %

PPA stock opened at $120.31 on Tuesday. The business has a 50 day simple moving average of $118.02 and a 200-day simple moving average of $114.46. Invesco Aerospace & Defense ETF has a twelve month low of $90.67 and a twelve month high of $124.89. The company has a market capitalization of $3.75 billion, a P/E ratio of 33.87 and a beta of 0.73.

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.