United Asset Strategies Inc. Reduces Stock Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

United Asset Strategies Inc. lessened its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 53.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,017 shares of the company’s stock after selling 4,579 shares during the period. United Asset Strategies Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of PPA. Beacon Capital Management LLC raised its holdings in Invesco Aerospace & Defense ETF by 31.6% in the 1st quarter. Beacon Capital Management LLC now owns 416 shares of the company’s stock worth $42,000 after purchasing an additional 100 shares during the period. Signaturefd LLC raised its holdings in Invesco Aerospace & Defense ETF by 19.2% in the 2nd quarter. Signaturefd LLC now owns 664 shares of the company’s stock worth $68,000 after purchasing an additional 107 shares during the period. New Century Financial Group LLC raised its holdings in Invesco Aerospace & Defense ETF by 1.2% in the 3rd quarter. New Century Financial Group LLC now owns 10,010 shares of the company’s stock worth $1,151,000 after purchasing an additional 117 shares during the period. Bright Futures Wealth Management LLC. raised its holdings in Invesco Aerospace & Defense ETF by 1.8% in the 2nd quarter. Bright Futures Wealth Management LLC. now owns 8,635 shares of the company’s stock worth $909,000 after purchasing an additional 155 shares during the period. Finally, Gateway Wealth Partners LLC raised its holdings in Invesco Aerospace & Defense ETF by 5.0% in the 3rd quarter. Gateway Wealth Partners LLC now owns 3,225 shares of the company’s stock worth $371,000 after purchasing an additional 155 shares during the period.

Invesco Aerospace & Defense ETF Trading Down 1.9 %

NYSEARCA PPA opened at $113.79 on Friday. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a twelve month low of $80.24 and a twelve month high of $120.16. The stock has a 50-day moving average of $114.21 and a 200 day moving average of $107.80.

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.