Prasad Wealth Partners LLC Lowers Position in Invesco Aerospace & Defense ETF $PPA

Prasad Wealth Partners LLC lessened its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 66.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,290 shares of the company’s stock after selling 4,635 shares during the quarter. Prasad Wealth Partners LLC’s holdings in Invesco Aerospace & Defense ETF were worth $324,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Milestone Investment Advisors LLC bought a new position in Invesco Aerospace & Defense ETF in the first quarter valued at $25,000. Whittier Trust Co. of Nevada Inc. bought a new position in Invesco Aerospace & Defense ETF in the first quarter valued at $27,000. Banque Transatlantique SA bought a new position in Invesco Aerospace & Defense ETF in the first quarter valued at $32,000. Sound Income Strategies LLC bought a new position in Invesco Aerospace & Defense ETF in the first quarter valued at $47,000. Finally, Fifth Third Bancorp increased its stake in Invesco Aerospace & Defense ETF by 840.9% in the first quarter. Fifth Third Bancorp now owns 414 shares of the company’s stock valued at $48,000 after acquiring an additional 370 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Up 1.4%

PPA opened at $158.42 on Tuesday. The stock has a market cap of $6.80 billion, a PE ratio of 30.91 and a beta of 0.98. Invesco Aerospace & Defense ETF has a 52 week low of $100.39 and a 52 week high of $158.42. The business’s fifty day simple moving average is $149.03 and its 200 day simple moving average is $136.37.

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.