Sovran Advisors LLC Invests $1.44 Million in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Sovran Advisors LLC purchased a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,262 shares of the company’s stock, valued at approximately $1,436,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Valley Brook Capital Group Inc. lifted its holdings in Invesco Aerospace & Defense ETF by 3.3% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 2,781 shares of the company’s stock valued at $320,000 after acquiring an additional 90 shares during the last quarter. XML Financial LLC raised its position in shares of Invesco Aerospace & Defense ETF by 3.0% in the third quarter. XML Financial LLC now owns 3,205 shares of the company’s stock valued at $368,000 after purchasing an additional 92 shares during the period. Carr Financial Group Corp increased its position in Invesco Aerospace & Defense ETF by 1.1% in the 3rd quarter. Carr Financial Group Corp now owns 9,650 shares of the company’s stock worth $1,109,000 after buying an additional 102 shares during the period. Glass Jacobson Investment Advisors llc increased its stake in Invesco Aerospace & Defense ETF by 50.5% during the third quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock valued at $35,000 after acquiring an additional 102 shares during the period. Finally, National Wealth Management Group LLC lifted its holdings in shares of Invesco Aerospace & Defense ETF by 2.2% during the 3rd quarter. National Wealth Management Group LLC now owns 5,393 shares of the company’s stock worth $620,000 after acquiring an additional 116 shares during the period.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA opened at $120.51 on Tuesday. The stock has a fifty day moving average price of $118.10 and a two-hundred day moving average price of $115.48. Invesco Aerospace & Defense ETF has a 52-week low of $92.93 and a 52-week high of $124.89. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73.

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.