Invesco Aerospace & Defense ETF $PPA Stock Sold by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC lowered its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 46.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 8,917 shares of the company’s stock after selling 7,640 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $1,379,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Analysts LLC raised its position in Invesco Aerospace & Defense ETF by 4.1% during the second quarter. Capital Analysts LLC now owns 1,559 shares of the company’s stock worth $275,000 after acquiring an additional 62 shares during the period. Kingswood Wealth Advisors LLC grew its position in shares of Invesco Aerospace & Defense ETF by 0.4% in the third quarter. Kingswood Wealth Advisors LLC now owns 17,762 shares of the company’s stock valued at $2,746,000 after purchasing an additional 71 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of Invesco Aerospace & Defense ETF by 0.8% in the second quarter. Integrated Wealth Concepts LLC now owns 9,850 shares of the company’s stock valued at $1,740,000 after purchasing an additional 78 shares during the period. Modera Wealth Management LLC grew its position in shares of Invesco Aerospace & Defense ETF by 3.8% in the first quarter. Modera Wealth Management LLC now owns 2,347 shares of the company’s stock valued at $389,000 after purchasing an additional 86 shares during the period. Finally, Foguth Wealth Management LLC. increased its stake in shares of Invesco Aerospace & Defense ETF by 5.2% during the third quarter. Foguth Wealth Management LLC. now owns 1,951 shares of the company’s stock worth $305,000 after purchasing an additional 96 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Down 2.2%

PPA stock opened at $158.65 on Friday. Invesco Aerospace & Defense ETF has a 52 week low of $144.29 and a 52 week high of $186.30. The firm has a 50-day simple moving average of $159.91 and a 200-day simple moving average of $170.78. The stock has a market capitalization of $7.51 billion, a P/E ratio of 30.91 and a beta of 0.75.

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. 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.