Invesco Aerospace & Defense ETF $PPA is Adapt Wealth Advisors LLC’s 8th Largest Position

Adapt Wealth Advisors LLC decreased its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 8.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,715 shares of the company’s stock after selling 6,416 shares during the quarter. Invesco Aerospace & Defense ETF makes up 3.9% of Adapt Wealth Advisors LLC’s holdings, making the stock its 8th largest holding. Adapt Wealth Advisors LLC owned about 0.16% of Invesco Aerospace & Defense ETF worth $10,526,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Evolution Wealth Management Inc. bought a new position in Invesco Aerospace & Defense ETF during the 2nd quarter worth about $26,000. BOK Financial Private Wealth Inc. raised its holdings in shares of Invesco Aerospace & Defense ETF by 84.2% in the 3rd quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock valued at $27,000 after purchasing an additional 80 shares in the last quarter. Binnacle Investments Inc lifted its position in shares of Invesco Aerospace & Defense ETF by 84.2% in the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock worth $30,000 after purchasing an additional 96 shares during the period. Atlantic Union Bankshares Corp bought a new position in shares of Invesco Aerospace & Defense ETF during the second quarter valued at approximately $43,000. Finally, Rossmore Private Capital purchased a new position in Invesco Aerospace & Defense ETF during the third quarter valued at approximately $54,000.

Invesco Aerospace & Defense ETF Stock Down 0.3%

Shares of NYSEARCA:PPA opened at $180.62 on Friday. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 30.91 and a beta of 0.87. Invesco Aerospace & Defense ETF has a 52 week low of $100.39 and a 52 week high of $182.44. The firm has a 50 day moving average of $169.74 and a 200 day moving average of $157.85.

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.