Wambolt & Associates LLC Sells 2,397 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Wambolt & Associates LLC lessened its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 14.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,772 shares of the company’s stock after selling 2,397 shares during the period. Wambolt & Associates LLC’s holdings in Invesco Aerospace & Defense ETF were worth $1,695,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Runnymede Capital Advisors Inc. bought a new stake in Invesco Aerospace & Defense ETF in the 4th quarter valued at about $25,000. Glass Jacobson Investment Advisors llc raised its position in shares of Invesco Aerospace & Defense ETF by 50.5% in 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 in the last quarter. Continuum Advisory LLC boosted its stake in shares of Invesco Aerospace & Defense ETF by 47.6% in the third quarter. Continuum Advisory LLC now owns 465 shares of the company’s stock valued at $55,000 after buying an additional 150 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in Invesco Aerospace & Defense ETF by 41.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 584 shares of the company’s stock worth $67,000 after acquiring an additional 172 shares during the period. Finally, Assetmark Inc. raised its holdings in Invesco Aerospace & Defense ETF by 29.9% in the 4th quarter. Assetmark Inc. now owns 608 shares of the company’s stock valued at $70,000 after acquiring an additional 140 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Up 2.0 %

PPA stock opened at $119.91 on Tuesday. Invesco Aerospace & Defense ETF has a 52 week low of $97.64 and a 52 week high of $124.89. The business has a 50-day simple moving average of $117.92 and a 200 day simple moving average of $117.09. The company has a market cap of $4.72 billion, a PE ratio of 27.08 and a beta of 0.95.

Invesco Aerospace & Defense ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.0489 per share. The ex-dividend date of this dividend is Monday, March 24th.

Invesco Aerospace & Defense ETF Company 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.