Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Shares Sold by Paragon Private Wealth Management LLC

Paragon Private Wealth Management LLC trimmed its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 4.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,409 shares of the company’s stock after selling 277 shares during the period. Paragon Private Wealth Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $621,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Sowell Financial Services LLC purchased a new position in shares of Invesco Aerospace & Defense ETF during the 4th quarter worth approximately $1,224,000. Permanent Capital Management LP purchased a new position in shares of Invesco Aerospace & Defense ETF during the 4th quarter worth approximately $6,669,000. PNC Financial Services Group Inc. raised its stake in shares of Invesco Aerospace & Defense ETF by 21.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,217 shares of the company’s stock worth $713,000 after buying an additional 1,084 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Invesco Aerospace & Defense ETF during the 4th quarter worth approximately $257,000. Finally, Raymond James Financial Inc. purchased a new position in Invesco Aerospace & Defense ETF in the 4th quarter valued at approximately $63,049,000.

Invesco Aerospace & Defense ETF Price Performance

NYSEARCA PPA opened at $115.78 on Monday. Invesco Aerospace & Defense ETF has a 1-year low of $97.53 and a 1-year high of $124.89. The company has a market capitalization of $4.65 billion, a P/E ratio of 27.41 and a beta of 0.96. The business has a 50 day moving average price of $117.56 and a 200 day moving average price of $116.70.

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.