LM Advisors LLC Lowers Stock Holdings in Invesco Aerospace & Defense ETF $PPA

LM Advisors LLC trimmed its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 84.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 940 shares of the company’s stock after selling 5,060 shares during the quarter. LM Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $147,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Warner Group LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF in the third quarter worth about $6,753,000. Modern Wealth Management LLC purchased a new stake in Invesco Aerospace & Defense ETF in the third quarter valued at approximately $13,976,000. Ashton Thomas Securities LLC purchased a new stake in Invesco Aerospace & Defense ETF in the fourth quarter valued at approximately $1,919,000. Western Wealth Management LLC raised its stake in Invesco Aerospace & Defense ETF by 59.7% in the fourth quarter. Western Wealth Management LLC now owns 13,152 shares of the company’s stock valued at $2,060,000 after purchasing an additional 4,917 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Invesco Aerospace & Defense ETF by 2.3% in the third quarter. Bank of America Corp DE now owns 7,668,214 shares of the company’s stock valued at $1,192,024,000 after purchasing an additional 173,290 shares in the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of PPA opened at $174.13 on Friday. The firm’s 50 day simple moving average is $170.92 and its 200 day simple moving average is $169.21. The company has a market capitalization of $8.33 billion, a P/E ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 1-year low of $133.95 and a 1-year high of $186.30.

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.