Orleans Capital Management Corp LA Sells 5,684 Shares of Invesco Aerospace & Defense ETF $PPA

Orleans Capital Management Corp LA decreased its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 20.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,701 shares of the company’s stock after selling 5,684 shares during the quarter. Invesco Aerospace & Defense ETF comprises approximately 2.2% of Orleans Capital Management Corp LA’s portfolio, making the stock its 13th biggest holding. Orleans Capital Management Corp LA’s holdings in Invesco Aerospace & Defense ETF were worth $3,373,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PPA. Consolidated Portfolio Review Corp bought a new stake in Invesco Aerospace & Defense ETF during the third quarter valued at approximately $4,751,000. Smith Moore & CO. grew its stake in shares of Invesco Aerospace & Defense ETF by 3.3% during the third quarter. Smith Moore & CO. now owns 2,425 shares of the company’s stock valued at $377,000 after buying an additional 78 shares during the last quarter. Orion Porfolio Solutions LLC grew its position in Invesco Aerospace & Defense ETF by 15.0% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 14,265 shares of the company’s stock worth $2,218,000 after acquiring an additional 1,856 shares during the last quarter. IFG Advisory LLC lifted its position in Invesco Aerospace & Defense ETF by 9.1% in the third quarter. IFG Advisory LLC now owns 1,746 shares of the company’s stock valued at $271,000 after purchasing an additional 146 shares during the last quarter. Finally, Kingsview Wealth Management LLC increased its stake in shares of Invesco Aerospace & Defense ETF by 5.0% in the third quarter. Kingsview Wealth Management LLC now owns 5,416 shares of the company’s stock worth $842,000 after buying an additional 256 shares during the period.

Invesco Aerospace & Defense ETF Stock Up 0.7%

Shares of PPA opened at $180.76 on Friday. The firm has a fifty day simple moving average of $174.65 and a two-hundred day simple moving average of $160.15. The stock has a market capitalization of $8.10 billion, a P/E ratio of 30.91 and a beta of 0.87. Invesco Aerospace & Defense ETF has a twelve month low of $100.39 and a twelve month high of $186.30.

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.