Harbour Investments Inc. Raises Holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Harbour Investments Inc. increased its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 129.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,565 shares of the company’s stock after buying an additional 11,021 shares during the period. Harbour Investments Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $2,245,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Park Avenue Securities LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF during the 4th quarter valued at about $935,000. FMR LLC raised its position in Invesco Aerospace & Defense ETF by 26.6% during the third quarter. FMR LLC now owns 7,061 shares of the company’s stock valued at $812,000 after purchasing an additional 1,482 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Invesco Aerospace & Defense ETF by 87.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,218 shares of the company’s stock valued at $1,865,000 after purchasing an additional 7,555 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 7.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 91,667 shares of the company’s stock worth $10,517,000 after purchasing an additional 6,648 shares during the period. Finally, Zacks Investment Management boosted its holdings in shares of Invesco Aerospace & Defense ETF by 5.1% in the 3rd quarter. Zacks Investment Management now owns 2,627 shares of the company’s stock worth $302,000 after purchasing an additional 127 shares during the period.

Invesco Aerospace & Defense ETF Stock Up 1.4 %

PPA stock opened at $117.36 on Tuesday. Invesco Aerospace & Defense ETF has a twelve month low of $97.64 and a twelve month high of $124.89. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 27.08 and a beta of 0.95. The firm’s fifty day simple moving average is $117.57 and its two-hundred day simple moving average is $116.85.

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.