Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Shares Purchased by Kovack Advisors Inc.

Kovack Advisors Inc. raised its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,859 shares of the company’s stock after purchasing an additional 223 shares during the period. Kovack Advisors Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $328,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PPA. Wealth Enhancement Advisory Services LLC increased its position in Invesco Aerospace & Defense ETF by 44.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,796 shares of the company’s stock worth $666,000 after purchasing an additional 1,782 shares during the last quarter. Focus Financial Network Inc. increased its position in Invesco Aerospace & Defense ETF by 25.9% during the third quarter. Focus Financial Network Inc. now owns 10,167 shares of the company’s stock worth $1,169,000 after purchasing an additional 2,092 shares during the last quarter. Gladstone Institutional Advisory LLC increased its position in Invesco Aerospace & Defense ETF by 335.1% during the third quarter. Gladstone Institutional Advisory LLC now owns 12,232 shares of the company’s stock worth $1,406,000 after purchasing an additional 9,421 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in Invesco Aerospace & Defense ETF during the third quarter worth approximately $150,000. Finally, Janney Montgomery Scott LLC acquired a new position in Invesco Aerospace & Defense ETF during the third quarter worth approximately $9,775,000.

Invesco Aerospace & Defense ETF Stock Up 1.2 %

Invesco Aerospace & Defense ETF stock opened at $116.71 on Friday. Invesco Aerospace & Defense ETF has a 52-week low of $97.28 and a 52-week high of $124.89. The firm has a fifty day moving average of $117.71 and a 200-day moving average of $116.43. The firm has a market capitalization of $4.69 billion, a P/E ratio of 27.41 and a beta of 0.96.

Invesco Aerospace & Defense ETF Company 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.