Green Ridge Wealth Planning LLC Trims Position in Invesco Aerospace & Defense ETF $PPA

Green Ridge Wealth Planning LLC lowered its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 44.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,734 shares of the company’s stock after selling 10,083 shares during the quarter. Invesco Aerospace & Defense ETF comprises approximately 0.8% of Green Ridge Wealth Planning LLC’s holdings, making the stock its 26th largest holding. Green Ridge Wealth Planning LLC’s holdings in Invesco Aerospace & Defense ETF were worth $1,969,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PPA. Cetera Investment Advisers lifted its position in shares of Invesco Aerospace & Defense ETF by 15.4% in the first quarter. Cetera Investment Advisers now owns 352,527 shares of the company’s stock worth $58,414,000 after buying an additional 47,060 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in Invesco Aerospace & Defense ETF by 1.3% during the 4th quarter. Axxcess Wealth Management LLC now owns 337,760 shares of the company’s stock valued at $52,903,000 after buying an additional 4,207 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Invesco Aerospace & Defense ETF by 9.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 241,110 shares of the company’s stock valued at $42,592,000 after buying an additional 20,102 shares in the last quarter. Royal Bank of Canada increased its stake in Invesco Aerospace & Defense ETF by 8.9% in the 1st quarter. Royal Bank of Canada now owns 200,967 shares of the company’s stock worth $33,300,000 after acquiring an additional 16,357 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its stake in Invesco Aerospace & Defense ETF by 136.8% in the 1st quarter. Kestra Advisory Services LLC now owns 153,727 shares of the company’s stock worth $25,473,000 after acquiring an additional 88,795 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of PPA opened at $153.39 on Friday. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of 30.91 and a beta of 0.75. Invesco Aerospace & Defense ETF has a 1 year low of $144.29 and a 1 year high of $186.30. The business’s 50 day simple moving average is $167.80 and its 200-day simple moving average is $170.39.

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.