Lake Street Financial LLC Decreases Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Lake Street Financial LLC cut its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 40.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,375 shares of the company’s stock after selling 2,300 shares during the quarter. Lake Street Financial LLC’s holdings in Invesco Aerospace & Defense ETF were worth $219,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Q3 Asset Management purchased a new position in shares of Invesco Aerospace & Defense ETF during the first quarter valued at approximately $1,213,000. Private Advisor Group LLC purchased a new position in shares of Invesco Aerospace & Defense ETF during the first quarter valued at approximately $1,042,000. NEXT Financial Group Inc raised its holdings in shares of Invesco Aerospace & Defense ETF by 6,694.0% during the second quarter. NEXT Financial Group Inc now owns 13,588 shares of the company’s stock valued at $882,000 after purchasing an additional 13,388 shares during the last quarter. WESPAC Advisors LLC purchased a new position in shares of Invesco Aerospace & Defense ETF during the second quarter valued at approximately $824,000. Finally, Advisor Group Inc. raised its holdings in shares of Invesco Aerospace & Defense ETF by 13.9% during the first quarter. Advisor Group Inc. now owns 52,862 shares of the company’s stock valued at $3,066,000 after purchasing an additional 6,436 shares during the last quarter.

Shares of PPA traded down $0.37 during mid-day trading on Friday, hitting $66.67. 2,188 shares of the company traded hands, compared to its average volume of 68,448. The business has a 50-day moving average price of $65.52. Invesco Aerospace & Defense ETF has a 1 year low of $45.98 and a 1 year high of $67.20.

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.

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Institutional Ownership by Quarter for Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

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