Tidemark LLC Cuts Stock Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Tidemark LLC decreased its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 2.3% in the fourth quarter, HoldingsChannel reports. The firm owned 9,729 shares of the company’s stock after selling 228 shares during the quarter. Tidemark LLC’s holdings in Invesco Aerospace & Defense ETF were worth $1,116,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Glass Jacobson Investment Advisors llc grew 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 purchasing an additional 102 shares in the last quarter. National Wealth Management Group LLC grew its position in shares of Invesco Aerospace & Defense ETF by 2.2% during the third quarter. National Wealth Management Group LLC now owns 5,393 shares of the company’s stock valued at $620,000 after purchasing an additional 116 shares in the last quarter. American Institute for Advanced Investment Management LLP grew its position in shares of Invesco Aerospace & Defense ETF by 0.8% during the fourth quarter. American Institute for Advanced Investment Management LLP now owns 14,541 shares of the company’s stock valued at $1,668,000 after purchasing an additional 121 shares in the last quarter. Zacks Investment Management grew its position in shares of Invesco Aerospace & Defense ETF by 5.1% during the third quarter. Zacks Investment Management now owns 2,627 shares of the company’s stock valued at $302,000 after purchasing an additional 127 shares in the last quarter. Finally, Assetmark Inc. grew its position in shares of Invesco Aerospace & Defense ETF by 29.9% during the fourth quarter. Assetmark Inc. now owns 608 shares of the company’s stock valued at $70,000 after purchasing an additional 140 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Up 1.6 %

Shares of Invesco Aerospace & Defense ETF stock opened at $115.69 on Friday. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 27.08 and a beta of 0.95. The business has a 50-day moving average price of $117.51 and a 200-day moving average price of $116.78. Invesco Aerospace & Defense ETF has a twelve month low of $97.64 and a twelve month high of $124.89.

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.