Envestnet Portfolio Solutions Inc. Reduces Holdings in Invesco Aerospace & Defense ETF $PPA

Envestnet Portfolio Solutions Inc. decreased its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,120 shares of the company’s stock after selling 160 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $584,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Ellis Investment Partners LLC grew its stake in shares of Invesco Aerospace & Defense ETF by 0.5% in the 2nd quarter. Ellis Investment Partners LLC now owns 16,053 shares of the company’s stock valued at $2,274,000 after buying an additional 73 shares during the period. SOA Wealth Advisors LLC. grew its stake in shares of Invesco Aerospace & Defense ETF by 1.6% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 8,582 shares of the company’s stock valued at $1,216,000 after buying an additional 136 shares during the period. IFP Advisors Inc grew its stake in shares of Invesco Aerospace & Defense ETF by 3.5% in the 1st quarter. IFP Advisors Inc now owns 4,210 shares of the company’s stock valued at $491,000 after buying an additional 143 shares during the period. International Assets Investment Management LLC boosted its position in shares of Invesco Aerospace & Defense ETF by 3.6% during the 1st quarter. International Assets Investment Management LLC now owns 4,348 shares of the company’s stock worth $507,000 after purchasing an additional 152 shares during the period. Finally, National Wealth Management Group LLC boosted its position in shares of Invesco Aerospace & Defense ETF by 3.6% during the 1st quarter. National Wealth Management Group LLC now owns 5,374 shares of the company’s stock worth $626,000 after purchasing an additional 185 shares during the period.

Invesco Aerospace & Defense ETF Stock Performance

NYSEARCA:PPA opened at $156.60 on Wednesday. The stock has a market capitalization of $6.78 billion, a P/E ratio of 30.91 and a beta of 0.98. The company has a 50 day moving average price of $150.93 and a 200 day moving average price of $139.19. Invesco Aerospace & Defense ETF has a fifty-two week low of $100.39 and a fifty-two week high of $159.96.

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.