Diversify Advisory Services LLC Reduces Stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Diversify Advisory Services LLC lessened its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 10.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,009 shares of the company’s stock after selling 222 shares during the period. Diversify Advisory Services LLC’s holdings in Invesco Aerospace & Defense ETF were worth $236,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Eastern Bank purchased a new stake in shares of Invesco Aerospace & Defense ETF in the 3rd quarter valued at approximately $46,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Invesco Aerospace & Defense ETF in the second quarter valued at $42,000. Beacon Capital Management LLC lifted its stake in shares of Invesco Aerospace & Defense ETF by 31.6% in the 1st quarter. Beacon Capital Management LLC now owns 416 shares of the company’s stock valued at $42,000 after purchasing an additional 100 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in shares of Invesco Aerospace & Defense ETF in the 1st quarter valued at $54,000. Finally, ORG Partners LLC grew its holdings in shares of Invesco Aerospace & Defense ETF by 2,650.0% during the 3rd quarter. ORG Partners LLC now owns 550 shares of the company’s stock worth $63,000 after purchasing an additional 530 shares during the period.

Invesco Aerospace & Defense ETF Trading Up 0.5 %

Shares of PPA opened at $114.35 on Friday. The company’s 50-day moving average price is $114.28 and its 200 day moving average price is $107.84. Invesco Aerospace & Defense ETF has a 12-month low of $82.70 and a 12-month high of $120.16. The firm has a market cap of $3.56 billion, a P/E ratio of 33.87 and a beta of 0.73.

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.