National Wealth Management Group LLC Sells 204 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

National Wealth Management Group LLC trimmed its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,189 shares of the company’s stock after selling 204 shares during the period. National Wealth Management Group LLC’s holdings in Invesco Aerospace & Defense ETF were worth $595,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PPA. National Bank of Canada FI increased its stake in shares of Invesco Aerospace & Defense ETF by 18.3% in the fourth quarter. National Bank of Canada FI now owns 268,678 shares of the company’s stock valued at $30,825,000 after buying an additional 41,556 shares during the period. Summit Financial LLC bought a new stake in Invesco Aerospace & Defense ETF in the fourth quarter valued at approximately $211,000. Hazlett Burt & Watson Inc. boosted its holdings in Invesco Aerospace & Defense ETF by 12.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 11,967 shares of the company’s stock valued at $1,370,000 after acquiring an additional 1,332 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Invesco Aerospace & Defense ETF by 15.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 639 shares of the company’s stock valued at $74,000 after purchasing an additional 87 shares during the period. Finally, Orion Portfolio Solutions LLC raised its holdings in Invesco Aerospace & Defense ETF by 127.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 12,924 shares of the company’s stock worth $1,483,000 after purchasing an additional 7,246 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

NYSEARCA:PPA opened at $116.55 on Tuesday. Invesco Aerospace & Defense ETF has a 52 week low of $97.64 and a 52 week high of $124.89. The firm’s fifty day moving average is $117.93 and its 200-day moving average is $117.40. The firm has a market cap of $4.57 billion, a P/E ratio of 28.07 and a beta of 0.95.

Invesco Aerospace & Defense ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a $0.0489 dividend. The ex-dividend date was Monday, March 24th.

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.