Sigma Planning Corp Cuts Holdings in Invesco Aerospace & Defense ETF $PPA

Sigma Planning Corp reduced its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 49.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,711 shares of the company’s stock after selling 8,640 shares during the quarter. Sigma Planning Corp’s holdings in Invesco Aerospace & Defense ETF were worth $1,443,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. eCIO Inc. acquired a new position in Invesco Aerospace & Defense ETF during the fourth quarter worth $28,000. Binnacle Investments Inc boosted its position in shares of Invesco Aerospace & Defense ETF by 84.2% during the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock worth $30,000 after purchasing an additional 96 shares in the last quarter. EPG Wealth Management LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF during the 4th quarter worth $31,000. Y.D. More Investments Ltd grew its stake in shares of Invesco Aerospace & Defense ETF by 720.0% during the 4th quarter. Y.D. More Investments Ltd now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 180 shares during the period. Finally, Bayban acquired a new position in shares of Invesco Aerospace & Defense ETF during the 4th quarter worth $38,000.

Invesco Aerospace & Defense ETF Stock Down 0.2%

Shares of PPA opened at $168.51 on Friday. The company has a 50-day simple moving average of $172.84 and a 200-day simple moving average of $172.98. The company has a market capitalization of $7.95 billion, a PE ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 52-week low of $142.07 and a 52-week 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.