KPP Advisory Services LLC Invests $3.69 Million in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

KPP Advisory Services LLC purchased a new position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 31,631 shares of the company’s stock, valued at approximately $3,687,000. KPP Advisory Services LLC owned about 0.08% of Invesco Aerospace & Defense ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PPA. Raymond James Financial Inc. purchased a new position in shares of Invesco Aerospace & Defense ETF in the 4th quarter worth $63,049,000. Aurora Private Wealth Inc. boosted its stake in shares of Invesco Aerospace & Defense ETF by 11,555.0% in the 1st quarter. Aurora Private Wealth Inc. now owns 273,543 shares of the company’s stock worth $31,881,000 after buying an additional 271,196 shares during the last quarter. Investment Management Corp VA ADV purchased a new position in shares of Invesco Aerospace & Defense ETF in the 4th quarter worth $10,251,000. Intellus Advisors LLC purchased a new position in shares of Invesco Aerospace & Defense ETF in the 4th quarter worth $7,583,000. Finally, Adapt Wealth Advisors LLC purchased a new position in shares of Invesco Aerospace & Defense ETF in the 4th quarter worth $7,190,000.

Invesco Aerospace & Defense ETF Price Performance

PPA stock opened at $136.80 on Thursday. The company has a market cap of $5.48 billion, a P/E ratio of 29.10 and a beta of 0.85. The stock’s fifty day moving average price is $129.10 and its 200-day moving average price is $120.98. Invesco Aerospace & Defense ETF has a 1 year low of $100.39 and a 1 year high of $137.55.

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.