Invesco Aerospace & Defense ETF $PPA Shares Sold by City Center Advisors LLC

City Center Advisors LLC reduced its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 38.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,577 shares of the company’s stock after selling 3,543 shares during the quarter. Invesco Aerospace & Defense ETF accounts for approximately 0.8% of City Center Advisors LLC’s investment portfolio, making the stock its 24th biggest holding. City Center Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $874,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE raised its holdings in Invesco Aerospace & Defense ETF by 2.3% in the 3rd quarter. Bank of America Corp DE now owns 7,668,214 shares of the company’s stock worth $1,192,024,000 after purchasing an additional 173,290 shares during the period. BNP Paribas Financial Markets boosted its position in Invesco Aerospace & Defense ETF by 533.3% during the third quarter. BNP Paribas Financial Markets now owns 190,000 shares of the company’s stock worth $29,536,000 after purchasing an additional 160,000 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Invesco Aerospace & Defense ETF by 43.6% in the third quarter. Ameriprise Financial Inc. now owns 400,922 shares of the company’s stock valued at $62,303,000 after purchasing an additional 121,776 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Invesco Aerospace & Defense ETF by 66.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 246,697 shares of the company’s stock valued at $38,349,000 after purchasing an additional 98,597 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in shares of Invesco Aerospace & Defense ETF in the third quarter valued at approximately $15,257,000.

Invesco Aerospace & Defense ETF Price Performance

Shares of PPA stock opened at $172.79 on Friday. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 30.91 and a beta of 0.87. The stock has a 50 day simple moving average of $177.20 and a 200-day simple moving average of $161.95. Invesco Aerospace & Defense ETF has a 1-year low of $100.39 and a 1-year high of $186.30.

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.