Stegent Equity Advisors Inc. Lowers Holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Stegent Equity Advisors Inc. trimmed its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,806 shares of the company’s stock after selling 222 shares during the quarter. Invesco Aerospace & Defense ETF accounts for 1.5% of Stegent Equity Advisors Inc.’s holdings, making the stock its 23rd largest holding. Stegent Equity Advisors Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $1,470,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PPA. Janney Montgomery Scott LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF during the 3rd quarter worth $9,775,000. Prasad Wealth Partners LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF during the 4th quarter worth $6,828,000. National Bank of Canada FI lifted its stake in shares of Invesco Aerospace & Defense ETF by 26.6% during the 3rd quarter. National Bank of Canada FI now owns 227,122 shares of the company’s stock worth $26,112,000 after purchasing an additional 47,703 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF during the 3rd quarter worth $3,434,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF during the 4th quarter worth $2,576,000.

Invesco Aerospace & Defense ETF Price Performance

Shares of NYSEARCA PPA opened at $115.16 on Thursday. The stock has a market capitalization of $4.63 billion, a P/E ratio of 27.41 and a beta of 0.96. Invesco Aerospace & Defense ETF has a 1-year low of $96.25 and a 1-year high of $124.89. The business has a fifty day moving average price of $117.66 and a 200 day moving average price of $116.38.

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.