Invesco Aerospace & Defense ETF $PPA Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC decreased its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 4.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,455 shares of the company’s stock after selling 178 shares during the period. Concurrent Investment Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $490,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PPA. SOA Wealth Advisors LLC. boosted its position in shares of Invesco Aerospace & Defense ETF by 1.6% in the second quarter. SOA Wealth Advisors LLC. now owns 8,582 shares of the company’s stock worth $1,216,000 after acquiring an additional 136 shares during the last quarter. IFP Advisors Inc raised its stake in Invesco Aerospace & Defense ETF by 3.5% during the first quarter. IFP Advisors Inc now owns 4,210 shares of the company’s stock worth $491,000 after purchasing an additional 143 shares during the period. International Assets Investment Management LLC raised its stake in Invesco Aerospace & Defense ETF by 3.6% during the first quarter. International Assets Investment Management LLC now owns 4,348 shares of the company’s stock worth $507,000 after purchasing an additional 152 shares during the period. National Wealth Management Group LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 3.6% in the 1st quarter. National Wealth Management Group LLC now owns 5,374 shares of the company’s stock valued at $626,000 after purchasing an additional 185 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of Invesco Aerospace & Defense ETF by 1.0% during the 1st quarter. Harbour Investments Inc. now owns 19,754 shares of the company’s stock valued at $2,302,000 after buying an additional 189 shares during the period.

Invesco Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA:PPA opened at $152.36 on Friday. The stock has a 50-day simple moving average of $150.58 and a 200-day simple moving average of $138.54. The stock has a market capitalization of $6.59 billion, a P/E ratio of 30.91 and a beta of 0.98. Invesco Aerospace & Defense ETF has a 1 year low of $100.39 and a 1 year high of $159.96.

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.