Bridge Advisory LLC Decreases Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Bridge Advisory LLC trimmed its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,181 shares of the company’s stock after selling 211 shares during the period. Bridge Advisory LLC’s holdings in Invesco Aerospace & Defense ETF were worth $1,171,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PPA. Beacon Capital Management LLC increased its position in shares of Invesco Aerospace & Defense ETF by 31.6% in the first quarter. Beacon Capital Management LLC now owns 416 shares of the company’s stock valued at $42,000 after acquiring an additional 100 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Invesco Aerospace & Defense ETF in the 2nd quarter worth approximately $42,000. Creekmur Asset Management LLC bought a new stake in shares of Invesco Aerospace & Defense ETF in the 4th quarter worth approximately $44,000. EverSource Wealth Advisors LLC purchased a new position in shares of Invesco Aerospace & Defense ETF during the first quarter valued at approximately $54,000. Finally, Signaturefd LLC raised its holdings in shares of Invesco Aerospace & Defense ETF by 19.2% during the second quarter. Signaturefd LLC now owns 664 shares of the company’s stock valued at $68,000 after acquiring an additional 107 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Down 0.1 %

NYSEARCA:PPA opened at $115.85 on Thursday. The firm’s fifty day simple moving average is $110.26 and its 200 day simple moving average is $105.37. The stock 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 has a twelve month low of $77.50 and a twelve month high of $116.51.

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.