Total Clarity Wealth Management Inc. Sells 11,630 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Total Clarity Wealth Management Inc. lowered its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 59.9% during the fourth quarter, HoldingsChannel reports. The fund owned 7,790 shares of the company’s stock after selling 11,630 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Park Avenue Securities LLC acquired a new stake in Invesco Aerospace & Defense ETF during the fourth quarter worth $935,000. FMR LLC boosted its stake in Invesco Aerospace & Defense ETF by 26.6% during the third quarter. FMR LLC now owns 7,061 shares of the company’s stock worth $812,000 after buying an additional 1,482 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Invesco Aerospace & Defense ETF by 87.2% during the third quarter. JPMorgan Chase & Co. now owns 16,218 shares of the company’s stock worth $1,865,000 after buying an additional 7,555 shares in the last quarter. Zacks Investment Management boosted its stake in Invesco Aerospace & Defense ETF by 5.1% during the third quarter. Zacks Investment Management now owns 2,627 shares of the company’s stock worth $302,000 after buying an additional 127 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in Invesco Aerospace & Defense ETF by 171.9% during the third quarter. Quantinno Capital Management LP now owns 14,268 shares of the company’s stock worth $1,640,000 after buying an additional 9,020 shares in the last quarter.

Invesco Aerospace & Defense ETF Price Performance

PPA opened at $120.59 on Friday. Invesco Aerospace & Defense ETF has a fifty-two week low of $90.93 and a fifty-two week high of $124.89. The firm’s fifty day moving average price is $118.13 and its two-hundred day moving average price is $114.86. The company has a market capitalization of $3.76 billion, a P/E ratio of 33.87 and a beta of 0.73.

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.