MAI Capital Management Decreases Stake in Invesco Aerospace & Defense ETF $PPA

MAI Capital Management cut its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 17.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 238,497 shares of the company’s stock after selling 51,334 shares during the quarter. MAI Capital Management’s holdings in Invesco Aerospace & Defense ETF were worth $37,074,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Tempus Wealth Planning LLC raised its holdings in Invesco Aerospace & Defense ETF by 348.6% during the 3rd quarter. Tempus Wealth Planning LLC now owns 16,395 shares of the company’s stock valued at $2,549,000 after acquiring an additional 12,740 shares during the period. Adapt Wealth Advisors LLC lifted its holdings in Invesco Aerospace & Defense ETF by 3.2% during the 2nd quarter. Adapt Wealth Advisors LLC now owns 74,131 shares of the company’s stock worth $10,504,000 after purchasing an additional 2,303 shares in the last quarter. Detalus Advisors LLC bought a new position in Invesco Aerospace & Defense ETF in the 3rd quarter worth about $4,441,000. Advisors Capital Management LLC purchased a new position in Invesco Aerospace & Defense ETF during the 2nd quarter valued at about $355,000. Finally, CWM LLC increased its position in shares of Invesco Aerospace & Defense ETF by 67.7% during the third quarter. CWM LLC now owns 30,709 shares of the company’s stock valued at $4,774,000 after buying an additional 12,394 shares during the period.

Invesco Aerospace & Defense ETF Trading Up 1.2%

Shares of NYSEARCA:PPA opened at $181.10 on Wednesday. The company has a 50 day moving average of $170.79 and a 200 day moving average of $158.39. The stock has a market cap of $8.11 billion, a P/E ratio of 30.91 and a beta of 0.87. Invesco Aerospace & Defense ETF has a 12 month low of $100.39 and a 12 month high of $182.44.

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.