Chapin Davis Inc. Purchases New Position in Invesco Aerospace & Defense ETF $PPA

Chapin Davis Inc. acquired a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,637 shares of the company’s stock, valued at approximately $232,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of Invesco Aerospace & Defense ETF by 3.4% in the 4th quarter. Royal Bank of Canada now owns 161,517 shares of the company’s stock valued at $18,531,000 after purchasing an additional 5,239 shares during the period. Wood Tarver Financial Group LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF in the fourth quarter valued at approximately $45,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 99.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,567 shares of the company’s stock valued at $1,327,000 after acquiring an additional 5,771 shares during the period. Marcum Wealth LLC grew its position in shares of Invesco Aerospace & Defense ETF by 2.5% during the first quarter. Marcum Wealth LLC now owns 3,419 shares of the company’s stock worth $398,000 after acquiring an additional 84 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 11,555.1% in the 1st quarter. GAMMA Investing LLC now owns 49,534 shares of the company’s stock valued at $57,730,000 after acquiring an additional 49,109 shares during the period.

Invesco Aerospace & Defense ETF Price Performance

PPA stock opened at $151.80 on Tuesday. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 30.91 and a beta of 0.98. The company has a fifty day moving average price of $147.40 and a 200 day moving average price of $133.71. Invesco Aerospace & Defense ETF has a 12 month low of $100.39 and a 12 month high of $152.07.

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.