HighTower Advisors LLC Trims Stock Position in Invesco Aerospace & Defense ETF $PPA

HighTower Advisors LLC lessened its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 7.0% during the fourth quarter, Holdings Channel reports. The firm owned 498,344 shares of the company’s stock after selling 37,742 shares during the period. HighTower Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $78,056,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. boosted its holdings in shares of Invesco Aerospace & Defense ETF by 84.2% in the 3rd quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock valued at $27,000 after purchasing an additional 80 shares during the last quarter. eCIO Inc. acquired a new position in shares of Invesco Aerospace & Defense ETF in the 4th quarter valued at $28,000. Binnacle Investments Inc raised its holdings in shares of Invesco Aerospace & Defense ETF by 84.2% in the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock worth $30,000 after purchasing an additional 96 shares during the period. EPG Wealth Management LLC purchased a new position in shares of Invesco Aerospace & Defense ETF in the 4th quarter worth about $31,000. Finally, Y.D. More Investments Ltd raised its holdings in shares of Invesco Aerospace & Defense ETF by 720.0% in 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.

Invesco Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA:PPA opened at $168.19 on Thursday. Invesco Aerospace & Defense ETF has a 1 year low of $128.11 and a 1 year high of $186.30. The stock has a market capitalization of $8.04 billion, a P/E ratio of 30.91 and a beta of 0.72. The stock has a 50-day simple moving average of $170.45 and a 200-day simple moving average of $166.90.

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. 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.