Diversify Advisory Services LLC Reduces Stake in Invesco Aerospace & Defense ETF

Diversify Advisory Services LLC has announced a decrease in its holdings of the Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Free Report) by 10.0% during the third quarter. This information is based on the company's latest disclosure submitted to the Securities and Exchange Commission. After selling 222 shares, the institutional investor now holds 2,009 shares of the ETF, with the total value of this investment amounting to approximately $236,000.

In addition to Diversify Advisory's actions, several other institutional investors and hedge funds have also made moves regarding their positions in PPA. Notably, Kovack Advisors Inc. increased its stake by 13.5% in the first quarter and now possesses 2,486 shares valued at around $253,000 after acquiring 295 additional shares. Similarly, Great Valley Advisor Group Inc. significantly boosted its investment by 68.4% in the second quarter, bringing its total holdings to 32,754 shares worth $3,365,000 after gaining 13,308 shares. PFG Investments LLC also saw a 23.1% growth in their holdings in the same quarter, accumulating 7,882 shares valued at $810,000 after purchasing 1,480 shares.

Furthermore, Prosperity Consulting Group LLC established a new position in the ETF during the first quarter, valued at $207,000. Raymond James & Associates also increased its stake by 13.5% during the second quarter, leading to a total of 242,258 shares worth $24,885,000 following the purchase of an additional 28,902 shares.

Current Stock Performance

As of the last trading session, the Invesco Aerospace & Defense ETF opened at $114.35. Its shares have maintained a fifty-day simple moving average of $114.28 and a 200-day simple moving average of $107.84. The ETF holds a market capitalization of $3.56 billion, with a price-to-earnings ratio standing at 33.87 and a beta of 0.73. Throughout the past year, the ETF recorded a low of $82.70 and a high of $120.16.

Overview of Invesco Aerospace & Defense ETF

The Invesco Aerospace & Defense ETF aims to replicate the investment performance of the SPADE Defense Index. This index includes a selected group of companies engaged in various aspects of the defense and aerospace sectors, including development, manufacturing, and operational support.

Investing, ETFs, Aerospace