Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management trimmed its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 99.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 300 shares of the company’s stock after selling 33,600 shares during the quarter. Picton Mahoney Asset Management’s holdings in Invesco Aerospace & Defense ETF were worth $35,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Aurora Private Wealth Inc. raised its stake in Invesco Aerospace & Defense ETF by 11,555.0% during the 1st quarter. Aurora Private Wealth Inc. now owns 273,543 shares of the company’s stock valued at $31,881,000 after acquiring an additional 271,196 shares during the last quarter. Investment Management Corp VA ADV purchased a new stake in Invesco Aerospace & Defense ETF during the 4th quarter valued at approximately $10,251,000. Adapt Wealth Advisors LLC purchased a new stake in Invesco Aerospace & Defense ETF during the 4th quarter valued at approximately $7,190,000. Focus Partners Wealth raised its stake in Invesco Aerospace & Defense ETF by 145.9% during the 4th quarter. Focus Partners Wealth now owns 100,899 shares of the company’s stock valued at $11,576,000 after acquiring an additional 59,867 shares during the last quarter. Finally, Uniting Wealth Partners LLC purchased a new stake in Invesco Aerospace & Defense ETF during the 4th quarter valued at approximately $6,353,000.

Invesco Aerospace & Defense ETF Stock Down 0.7%

PPA opened at $146.00 on Friday. The company has a market cap of $6.00 billion, a PE ratio of 30.91 and a beta of 0.98. The business has a 50 day moving average price of $139.14 and a two-hundred day moving average price of $125.76. Invesco Aerospace & Defense ETF has a 52 week low of $100.39 and a 52 week high of $148.32.

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.