Castle Wealth Management LLC Raises Stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Castle Wealth Management LLC increased its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 13.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,108 shares of the company’s stock after buying an additional 4,720 shares during the period. Invesco Aerospace & Defense ETF comprises about 1.9% of Castle Wealth Management LLC’s holdings, making the stock its 15th biggest position. Castle Wealth Management LLC owned about 0.13% of Invesco Aerospace & Defense ETF worth $4,726,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in PPA. Eastern Bank bought a new stake in shares of Invesco Aerospace & Defense ETF in the 3rd quarter worth approximately $46,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Invesco Aerospace & Defense ETF in the second quarter valued at $42,000. Beacon Capital Management LLC raised its stake in shares of Invesco Aerospace & Defense ETF by 31.6% in the first quarter. Beacon Capital Management LLC now owns 416 shares of the company’s stock valued at $42,000 after buying an additional 100 shares during the period. EverSource Wealth Advisors LLC purchased a new position in shares of Invesco Aerospace & Defense ETF during the 1st quarter valued at $54,000. Finally, ORG Partners LLC boosted its position in Invesco Aerospace & Defense ETF by 2,650.0% during the third quarter. ORG Partners LLC now owns 550 shares of the company’s stock worth $63,000 after purchasing an additional 530 shares during the period.

Invesco Aerospace & Defense ETF Trading Down 0.3 %

PPA opened at $119.89 on Thursday. The company has a 50 day moving average of $114.67 and a 200 day moving average of $108.41. Invesco Aerospace & Defense ETF has a 12 month low of $83.32 and a 12 month high of $120.89. The company has a market cap of $3.73 billion, a PE ratio of 33.87 and a beta of 0.73.

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.