IFG Advisory LLC Purchases Shares of 1,600 Invesco Aerospace & Defense ETF $PPA

IFG Advisory LLC purchased a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,600 shares of the company’s stock, valued at approximately $227,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC boosted its position in Invesco Aerospace & Defense ETF by 19.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 2,567 shares of the company’s stock valued at $299,000 after buying an additional 422 shares during the last quarter. Cerity Partners LLC boosted its position in Invesco Aerospace & Defense ETF by 63.9% in the 1st quarter. Cerity Partners LLC now owns 19,157 shares of the company’s stock valued at $2,233,000 after buying an additional 7,471 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Invesco Aerospace & Defense ETF by 2.1% in the first quarter. Envestnet Asset Management Inc. now owns 142,031 shares of the company’s stock valued at $16,554,000 after purchasing an additional 2,984 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in Invesco Aerospace & Defense ETF by 15.0% in the first quarter. Avantax Advisory Services Inc. now owns 2,815 shares of the company’s stock valued at $328,000 after purchasing an additional 367 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new position in Invesco Aerospace & Defense ETF in the first quarter valued at about $379,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA opened at $157.76 on Tuesday. The company has a market capitalization of $6.86 billion, a P/E ratio of 30.91 and a beta of 0.87. The stock has a 50-day moving average price of $153.03 and a 200 day moving average price of $142.41. Invesco Aerospace & Defense ETF has a one year low of $100.39 and a one year high of $160.37.

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.