Great Valley Advisor Group Inc. Trims Stock Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Great Valley Advisor Group Inc. reduced its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 4.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 31,456 shares of the company’s stock after selling 1,298 shares during the period. Great Valley Advisor Group Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $3,617,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Beacon Capital Management LLC lifted its holdings in shares of Invesco Aerospace & Defense ETF by 31.6% during the first 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. XML Financial LLC lifted its stake in shares of Invesco Aerospace & Defense ETF by 10.0% in the 1st quarter. XML Financial LLC now owns 2,921 shares of the company’s stock worth $297,000 after acquiring an additional 266 shares during the period. BigSur Wealth Management LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF in the first quarter valued at about $513,000. ARQ Wealth Advisors LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 19.6% in the first quarter. ARQ Wealth Advisors LLC now owns 3,314 shares of the company’s stock valued at $337,000 after acquiring an additional 543 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Invesco Aerospace & Defense ETF by 1,146.0% during the first quarter. Cetera Investment Advisers now owns 225,518 shares of the company’s stock worth $22,906,000 after acquiring an additional 207,419 shares during the period.

Invesco Aerospace & Defense ETF Stock Up 1.2 %

NYSEARCA PPA opened at $121.04 on Friday. The stock has a market capitalization of $3.77 billion, a P/E ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 52-week low of $86.53 and a 52-week high of $124.89. The firm has a 50-day moving average price of $116.95 and a 200 day moving average price of $109.95.

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.