Picton Mahoney Asset Management Lowers Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Picton Mahoney Asset Management decreased its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 23.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,600 shares of the company’s stock after selling 500 shares during the period. Picton Mahoney Asset Management’s holdings in Invesco Aerospace & Defense ETF were worth $147,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. LPL Financial LLC lifted its holdings in Invesco Aerospace & Defense ETF by 7.6% during the third quarter. LPL Financial LLC now owns 1,020,947 shares of the company’s stock worth $81,472,000 after acquiring an additional 72,377 shares during the period. Summit Trail Advisors LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 4.8% in the 4th quarter. Summit Trail Advisors LLC now owns 623,691 shares of the company’s stock worth $57,479,000 after buying an additional 28,557 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 5.4% in the 4th quarter. Miracle Mile Advisors LLC now owns 525,837 shares of the company’s stock worth $48,461,000 after buying an additional 26,897 shares during the last quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management bought a new position in Invesco Aerospace & Defense ETF during the fourth quarter valued at about $34,256,000. Finally, HighTower Advisors LLC increased its holdings in Invesco Aerospace & Defense ETF by 3.3% during the third quarter. HighTower Advisors LLC now owns 347,336 shares of the company’s stock worth $27,695,000 after buying an additional 11,017 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Up 0.9 %

PPA opened at $105.21 on Friday. Invesco Aerospace & Defense ETF has a twelve month low of $77.17 and a twelve month high of $105.21. The company’s 50-day moving average price is $100.26 and its two-hundred day moving average price is $93.33. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 32.60 and a beta of 0.74.

About Invesco Aerospace & Defense ETF

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.