Invesco Aerospace & Defense ETF $PPA Shares Sold by Uniting Wealth Partners LLC

Uniting Wealth Partners LLC reduced its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 29.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,099 shares of the company’s stock after selling 16,618 shares during the period. Invesco Aerospace & Defense ETF comprises 1.4% of Uniting Wealth Partners LLC’s investment portfolio, making the stock its 14th biggest position. Uniting Wealth Partners LLC’s holdings in Invesco Aerospace & Defense ETF were worth $6,078,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Evolution Wealth Management Inc. acquired a new stake in Invesco Aerospace & Defense ETF in the second quarter valued at $26,000. Briaud Financial Planning Inc acquired a new stake in Invesco Aerospace & Defense ETF in the 2nd quarter valued at about $27,000. Binnacle Investments Inc grew its stake in Invesco Aerospace & Defense ETF by 84.2% in the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock valued at $30,000 after acquiring an additional 96 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in Invesco Aerospace & Defense ETF during the 2nd quarter valued at about $43,000. Finally, Rossmore Private Capital purchased a new position in Invesco Aerospace & Defense ETF during the 3rd quarter valued at about $54,000.

Invesco Aerospace & Defense ETF Price Performance

Shares of NYSEARCA PPA opened at $176.10 on Friday. Invesco Aerospace & Defense ETF has a 12-month low of $100.39 and a 12-month high of $181.31. The company has a market capitalization of $7.89 billion, a PE ratio of 30.91 and a beta of 0.87. The firm’s 50-day moving average is $167.14 and its two-hundred day moving average is $156.72.

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. 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.