Sandy Spring Bank Cuts Stock Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Sandy Spring Bank cut its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 29.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 351 shares of the company’s stock after selling 149 shares during the quarter. Sandy Spring Bank’s holdings in Invesco Aerospace & Defense ETF were worth $40,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PPA. LPL Financial LLC increased its position in shares of Invesco Aerospace & Defense ETF by 1.5% during the third quarter. LPL Financial LLC now owns 1,392,972 shares of the company’s stock worth $160,150,000 after purchasing an additional 20,169 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth approximately $63,049,000. Summit Trail Advisors LLC increased its position in shares of Invesco Aerospace & Defense ETF by 1.1% during the fourth quarter. Summit Trail Advisors LLC now owns 538,504 shares of the company’s stock worth $61,783,000 after purchasing an additional 5,927 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Invesco Aerospace & Defense ETF by 6.0% during the fourth quarter. HighTower Advisors LLC now owns 496,264 shares of the company’s stock worth $56,936,000 after purchasing an additional 27,992 shares in the last quarter. Finally, Capital Asset Advisory Services LLC increased its position in shares of Invesco Aerospace & Defense ETF by 2.1% during the fourth quarter. Capital Asset Advisory Services LLC now owns 347,703 shares of the company’s stock worth $40,226,000 after purchasing an additional 7,007 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA opened at $117.52 on Friday. Invesco Aerospace & Defense ETF has a one year low of $97.64 and a one year high of $124.89. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 27.08 and a beta of 0.95. The stock has a 50 day moving average price of $117.84 and a 200 day moving average price of $116.98.

Invesco Aerospace & Defense ETF Company 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.