GPS Wealth Strategies Group LLC Decreases Holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

GPS Wealth Strategies Group LLC lowered its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 19.3% during the fourth quarter, HoldingsChannel reports. The fund owned 3,649 shares of the company’s stock after selling 875 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Invesco Aerospace & Defense ETF were worth $419,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Thrivent Financial for Lutherans increased its stake in Invesco Aerospace & Defense ETF by 34.4% in the second quarter. Thrivent Financial for Lutherans now owns 10,531 shares of the company’s stock valued at $1,082,000 after purchasing an additional 2,694 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Invesco Aerospace & Defense ETF in the 2nd quarter valued at $209,000. NewEdge Advisors LLC raised its stake in Invesco Aerospace & Defense ETF by 63.9% during the 2nd quarter. NewEdge Advisors LLC now owns 8,602 shares of the company’s stock worth $884,000 after acquiring an additional 3,353 shares in the last quarter. Truist Financial Corp lifted its position in Invesco Aerospace & Defense ETF by 9.0% in the second quarter. Truist Financial Corp now owns 112,797 shares of the company’s stock valued at $11,587,000 after acquiring an additional 9,356 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Invesco Aerospace & Defense ETF in the second quarter valued at $1,141,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA stock opened at $120.59 on Monday. The stock’s 50-day moving average is $118.13 and its two-hundred day moving average is $114.97. Invesco Aerospace & Defense ETF has a 1 year low of $90.93 and a 1 year high of $124.89. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73.

About Invesco Aerospace & Defense ETF

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.