IAM Advisory LLC Sells 296 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

IAM Advisory LLC cut its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 9.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,878 shares of the company’s stock after selling 296 shares during the quarter. IAM Advisory LLC’s holdings in Invesco Aerospace & Defense ETF were worth $296,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of Invesco Aerospace & Defense ETF in the fourth quarter valued at about $39,000. Beacon Capital Management LLC raised its holdings in shares of Invesco Aerospace & Defense ETF by 31.6% in the first quarter. Beacon Capital Management LLC now owns 416 shares of the company’s stock valued at $42,000 after buying an additional 100 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Invesco Aerospace & Defense ETF in the second quarter valued at about $42,000. Creekmur Asset Management LLC bought a new position in shares of Invesco Aerospace & Defense ETF in the fourth quarter valued at about $44,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of Invesco Aerospace & Defense ETF in the first quarter valued at about $54,000.

Invesco Aerospace & Defense ETF Stock Performance

NYSEARCA:PPA traded up $0.27 on Friday, hitting $107.66. 256,716 shares of the stock were exchanged, compared to its average volume of 148,351. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 52 week low of $77.50 and a 52 week high of $110.26. The company’s 50-day moving average price is $104.64 and its 200 day moving average price is $101.11.

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.