Searcy Financial Services Inc. ADV Cuts Holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Searcy Financial Services Inc. ADV cut its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,215 shares of the company’s stock after selling 2,759 shares during the quarter. Invesco Aerospace & Defense ETF comprises about 6.8% of Searcy Financial Services Inc. ADV’s holdings, making the stock its 7th biggest holding. Searcy Financial Services Inc. ADV owned about 0.41% of Invesco Aerospace & Defense ETF worth $14,710,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in Invesco Aerospace & Defense ETF by 10,225.1% during the 3rd quarter. International Assets Investment Management LLC now owns 278,674 shares of the company’s stock valued at $32,039,000 after acquiring an additional 275,975 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Invesco Aerospace & Defense ETF during the third quarter valued at approximately $9,775,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Invesco Aerospace & Defense ETF during the third quarter valued at approximately $9,263,000. Raymond James & Associates boosted its position in shares of 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 grew its stake in shares of 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 worth $26,112,000 after buying an additional 47,703 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

PPA stock traded up $1.11 on Monday, reaching $115.74. 156,392 shares of the company traded hands, compared to its average volume of 212,398. The firm has a fifty day simple moving average of $118.06 and a 200-day simple moving average of $113.27. Invesco Aerospace & Defense ETF has a one year low of $88.87 and a one year high of $124.89. The company has a market cap of $3.61 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.