Beck Capital Management LLC Sells 16,647 Shares of Invesco Aerospace & Defense ETF $PPA

Beck Capital Management LLC trimmed its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 29.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,715 shares of the company’s stock after selling 16,647 shares during the period. Invesco Aerospace & Defense ETF makes up approximately 1.5% of Beck Capital Management LLC’s holdings, making the stock its 23rd largest holding. Beck Capital Management LLC owned approximately 0.09% of Invesco Aerospace & Defense ETF worth $6,221,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Warner Group LLC bought a new position in shares of Invesco Aerospace & Defense ETF during the third quarter worth about $6,753,000. Modern Wealth Management LLC bought a new position in shares of Invesco Aerospace & Defense ETF in the 3rd quarter valued at about $13,976,000. Ashton Thomas Securities LLC bought a new position in Invesco Aerospace & Defense ETF during the fourth quarter worth about $1,919,000. Western Wealth Management LLC grew its holdings in Invesco Aerospace & Defense ETF by 59.7% during the fourth quarter. Western Wealth Management LLC now owns 13,152 shares of the company’s stock worth $2,060,000 after purchasing an additional 4,917 shares during the period. Finally, BIP Wealth LLC bought a new position in Invesco Aerospace & Defense ETF during the fourth quarter worth about $1,039,000.

Invesco Aerospace & Defense ETF Stock Down 1.2%

Shares of NYSEARCA:PPA opened at $174.13 on Friday. Invesco Aerospace & Defense ETF has a 12-month low of $133.95 and a 12-month high of $186.30. The stock has a market cap of $8.33 billion, a PE ratio of 30.91 and a beta of 0.73. The business has a 50 day moving average of $170.92 and a 200-day moving average of $169.21.

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. 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.