Glenmede Trust Co. NA boosted its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Free Report) by 462.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,219 shares of the company’s stock after purchasing an additional 3,469 shares during the period. Glenmede Trust Co. NA’s holdings in Invesco Aerospace & Defense ETF were worth $699,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Binnacle Investments Inc raised its position in shares of Invesco Aerospace & Defense ETF by 84.2% in the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares in the last quarter. EPG Wealth Management LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth approximately $31,000. Bayban acquired a new stake in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth approximately $38,000. High Point Wealth Management LLC bought a new stake in shares of Invesco Aerospace & Defense ETF in the fourth quarter worth $41,000. Finally, Wealth Watch Advisors INC bought a new stake in shares of Invesco Aerospace & Defense ETF in the third quarter worth $49,000.
Invesco Aerospace & Defense ETF Price Performance
PPA opened at $183.78 on Friday. The stock has a market capitalization of $8.70 billion, a PE ratio of 30.91 and a beta of 0.74. The firm’s fifty day moving average price is $174.56 and its 200 day moving average price is $173.86. Invesco Aerospace & Defense ETF has a 12-month low of $143.44 and a 12-month high of $186.30.
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. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.
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