Castle Wealth Management LLC Lowers Holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Castle Wealth Management LLC decreased its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,287 shares of the company’s stock after selling 343 shares during the period. Invesco Aerospace & Defense ETF makes up approximately 2.1% of Castle Wealth Management LLC’s holdings, making the stock its 13th biggest position. Castle Wealth Management LLC owned 0.16% of Invesco Aerospace & Defense ETF worth $3,529,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PPA. Kraft Davis & Associates LLC purchased a new stake in Invesco Aerospace & Defense ETF during the 4th quarter valued at $1,315,000. Naples Money Management LLC bought a new position in shares of Invesco Aerospace & Defense ETF during the fourth quarter valued at $184,000. United Asset Strategies Inc. boosted its position in shares of Invesco Aerospace & Defense ETF by 1,396.7% during the fourth quarter. United Asset Strategies Inc. now owns 45,259 shares of the company’s stock valued at $4,171,000 after buying an additional 42,235 shares during the last quarter. Aurora Private Wealth Inc. bought a new stake in Invesco Aerospace & Defense ETF in the 4th quarter worth about $238,000. Finally, Schmidt P J Investment Management Inc. raised its position in Invesco Aerospace & Defense ETF by 11.8% in the 4th quarter. Schmidt P J Investment Management Inc. now owns 6,123 shares of the company’s stock worth $557,000 after buying an additional 644 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Up 0.2 %

PPA traded up $0.20 during midday trading on Friday, hitting $98.31. 143,603 shares of the company traded hands, compared to its average volume of 159,396. The company’s 50-day moving average is $98.45 and its 200 day moving average is $91.18. Invesco Aerospace & Defense ETF has a 52 week low of $77.17 and a 52 week high of $102.00. The firm has a market capitalization of $2.93 billion, a PE ratio of 32.35 and a beta of 0.76.

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.