Oppenheimer & Co. Inc. Cuts Stock Holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Oppenheimer & Co. Inc. reduced its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 2.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 32,292 shares of the company’s stock after selling 855 shares during the period. Oppenheimer & Co. Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $3,705,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Howe & Rusling Inc. bought a new stake in shares of Invesco Aerospace & Defense ETF in the 3rd quarter worth $27,000. Glass Jacobson Investment Advisors llc boosted its position in shares of Invesco Aerospace & Defense ETF by 50.5% during the third quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock valued at $35,000 after buying an additional 102 shares during the last quarter. Assetmark Inc. purchased a new stake in shares of Invesco Aerospace & Defense ETF during the third quarter valued at $54,000. Continuum Advisory LLC increased its holdings in Invesco Aerospace & Defense ETF by 47.6% in the 3rd quarter. Continuum Advisory LLC now owns 465 shares of the company’s stock worth $55,000 after buying an additional 150 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in Invesco Aerospace & Defense ETF by 41.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 584 shares of the company’s stock worth $67,000 after buying an additional 172 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Up 1.2 %

Shares of NYSEARCA PPA opened at $116.71 on Friday. The firm’s 50-day moving average price is $117.71 and its 200-day moving average price is $116.43. Invesco Aerospace & Defense ETF has a 52-week low of $97.28 and a 52-week high of $124.89. The company has a market cap of $4.69 billion, a PE ratio of 27.41 and a beta of 0.96.

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.