Cetera Advisors LLC Reduces Stock Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Cetera Advisors LLC lowered its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 52.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,187 shares of the company’s stock after selling 5,699 shares during the quarter. Cetera Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $352,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. North Star Investment Management Corp. purchased a new stake in Invesco Aerospace & Defense ETF during the 3rd quarter valued at $31,000. Bank of Montreal Can boosted its position in Invesco Aerospace & Defense ETF by 154.8% during the 2nd quarter. Bank of Montreal Can now owns 637 shares of the company’s stock valued at $41,000 after buying an additional 387 shares during the period. Quest Capital Management Inc. ADV purchased a new stake in Invesco Aerospace & Defense ETF during the 3rd quarter valued at $57,000. AlphaMark Advisors LLC purchased a new stake in Invesco Aerospace & Defense ETF during the 2nd quarter valued at $65,000. Finally, Ironwood Financial llc boosted its position in Invesco Aerospace & Defense ETF by 37.9% during the 3rd quarter. Ironwood Financial llc now owns 1,069 shares of the company’s stock valued at $72,000 after buying an additional 294 shares during the period.

Shares of PPA opened at $70.00 on Tuesday. The firm has a fifty day simple moving average of $67.36 and a two-hundred day simple moving average of $65.61. Invesco Aerospace & Defense ETF has a twelve month low of $45.98 and a twelve month high of $70.32.

Invesco Aerospace & Defense ETF 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.

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Institutional Ownership by Quarter for Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

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