HighTower Advisors LLC Sells 11,055 Shares of Invesco Aerospace & Defense ETF $PPA

HighTower Advisors LLC reduced its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 2.3% during the second quarter, Holdings Channel reports. The institutional investor owned 480,274 shares of the company’s stock after selling 11,055 shares during the quarter. HighTower Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $84,840,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Montgomery Financial Services LLC bought a new position in shares of Invesco Aerospace & Defense ETF during the 2nd quarter worth approximately $25,000. Binnacle Investments Inc boosted its stake in Invesco Aerospace & Defense ETF by 84.2% in the second quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock valued at $30,000 after acquiring an additional 96 shares in the last quarter. Bayban purchased a new position in Invesco Aerospace & Defense ETF in the fourth quarter worth $38,000. Wealth Watch Advisors INC purchased a new position in Invesco Aerospace & Defense ETF in the third quarter worth $49,000. Finally, Ankerstar Wealth LLC acquired a new position in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth $52,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA opened at $165.18 on Tuesday. The firm has a market cap of $7.82 billion, a PE ratio of 30.91 and a beta of 0.74. Invesco Aerospace & Defense ETF has a 12 month low of $144.29 and a 12 month high of $186.30. The stock has a fifty day moving average price of $175.13 and a 200-day moving average price of $173.65.

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.