Capital Asset Advisory Services LLC Decreases Stake in Invesco Aerospace & Defense ETF $PPA

Capital Asset Advisory Services LLC lessened its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 7.8% during the third quarter, HoldingsChannel reports. The fund owned 332,723 shares of the company’s stock after selling 28,260 shares during the period. Invesco Aerospace & Defense ETF comprises approximately 2.2% of Capital Asset Advisory Services LLC’s investment portfolio, making the stock its 12th biggest holding. Capital Asset Advisory Services LLC’s holdings in Invesco Aerospace & Defense ETF were worth $51,722,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Kestra Advisory Services LLC boosted its position in shares of Invesco Aerospace & Defense ETF by 563.3% during the 1st quarter. Kestra Advisory Services LLC now owns 270,057 shares of the company’s stock worth $31,475,000 after purchasing an additional 229,345 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Invesco Aerospace & Defense ETF during the 2nd quarter valued at approximately $20,984,000. Quaker Wealth Management LLC boosted its stake in shares of Invesco Aerospace & Defense ETF by 202.4% during the 2nd quarter. Quaker Wealth Management LLC now owns 52,694 shares of the company’s stock worth $7,466,000 after acquiring an additional 104,139 shares in the last quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management acquired a new stake in shares of Invesco Aerospace & Defense ETF in the 2nd quarter worth approximately $10,202,000. Finally, Norden Group LLC purchased a new position in Invesco Aerospace & Defense ETF in the 2nd quarter valued at approximately $6,645,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA stock opened at $154.31 on Tuesday. The stock has a fifty day moving average price of $153.34 and a 200 day moving average price of $147.86. The stock has a market cap of $6.71 billion, a PE ratio of 30.91 and a beta of 0.87. Invesco Aerospace & Defense ETF has a 1 year low of $100.39 and a 1 year high of $160.37.

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.