Sowell Financial Services LLC Sells 17,802 Shares of Invesco Aerospace & Defense ETF $PPA

Sowell Financial Services LLC cut its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 53.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,430 shares of the company’s stock after selling 17,802 shares during the quarter. Sowell Financial Services LLC’s holdings in Invesco Aerospace & Defense ETF were worth $2,386,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. New England Private Wealth Advisors LLC increased its position in Invesco Aerospace & Defense ETF by 3.6% during the third quarter. New England Private Wealth Advisors LLC now owns 39,966 shares of the company’s stock worth $6,180,000 after acquiring an additional 1,374 shares during the period. LexAurum Advisors LLC raised its stake in Invesco Aerospace & Defense ETF by 22.0% during the 3rd quarter. LexAurum Advisors LLC now owns 32,485 shares of the company’s stock valued at $5,023,000 after purchasing an additional 5,849 shares during the last quarter. Foguth Wealth Management LLC. boosted its holdings in Invesco Aerospace & Defense ETF by 5.2% in the 3rd quarter. Foguth Wealth Management LLC. now owns 1,951 shares of the company’s stock valued at $305,000 after purchasing an additional 96 shares during the period. Center For Asset Management LLC bought a new stake in Invesco Aerospace & Defense ETF in the 3rd quarter valued at $404,000. Finally, Vontobel Holding Ltd. boosted its holdings in Invesco Aerospace & Defense ETF by 10.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 2,522 shares of the company’s stock valued at $390,000 after purchasing an additional 230 shares during the period.

Invesco Aerospace & Defense ETF Price Performance

NYSEARCA PPA opened at $154.53 on Friday. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 30.91 and a beta of 0.75. The company’s fifty day moving average is $162.34 and its two-hundred day moving average is $169.49. Invesco Aerospace & Defense ETF has a 52-week low of $144.29 and a 52-week high of $186.30.

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. 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.