Essex Financial Services Inc. Has $517,000 Stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Essex Financial Services Inc. cut its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 9.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,503 shares of the company’s stock after selling 455 shares during the quarter. Essex Financial Services Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $517,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. International Assets Investment Management LLC grew its stake in shares of Invesco Aerospace & Defense ETF by 10,225.1% in the 3rd quarter. International Assets Investment Management LLC now owns 278,674 shares of the company’s stock worth $32,039,000 after acquiring an additional 275,975 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Invesco Aerospace & Defense ETF during the third quarter worth about $9,775,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Invesco Aerospace & Defense ETF in the 3rd quarter worth about $9,263,000. Raymond James & Associates grew its position in Invesco Aerospace & Defense ETF by 20.8% in the 3rd quarter. Raymond James & Associates now owns 292,618 shares of the company’s stock worth $33,642,000 after purchasing an additional 50,360 shares in the last quarter. Finally, National Bank of Canada FI increased its stake in Invesco Aerospace & Defense ETF by 26.6% in the 3rd quarter. National Bank of Canada FI now owns 227,122 shares of the company’s stock valued at $26,112,000 after buying an additional 47,703 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Down 0.9 %

Shares of NYSEARCA PPA opened at $119.02 on Thursday. The company has a market capitalization of $3.71 billion, a PE ratio of 33.87 and a beta of 0.73. The stock’s 50 day moving average price is $118.04 and its 200-day moving average price is $115.69. Invesco Aerospace & Defense ETF has a twelve month low of $92.93 and a twelve month high of $124.89.

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.