Benjamin Edwards Inc. Buys 4,692 Shares of Invesco Aerospace & Defense ETF $PPA

Benjamin Edwards Inc. raised its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 82.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,416 shares of the company’s stock after purchasing an additional 4,692 shares during the period. Benjamin Edwards Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $1,632,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PPA. Bank of America Corp DE increased its stake in Invesco Aerospace & Defense ETF by 2.3% in the third quarter. Bank of America Corp DE now owns 7,668,214 shares of the company’s stock valued at $1,192,024,000 after purchasing an additional 173,290 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Invesco Aerospace & Defense ETF by 533.3% in the third quarter. BNP Paribas Financial Markets now owns 190,000 shares of the company’s stock valued at $29,536,000 after purchasing an additional 160,000 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Invesco Aerospace & Defense ETF by 43.6% in the third quarter. Ameriprise Financial Inc. now owns 400,922 shares of the company’s stock valued at $62,303,000 after purchasing an additional 121,776 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Invesco Aerospace & Defense ETF by 66.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 246,697 shares of the company’s stock valued at $38,349,000 after purchasing an additional 98,597 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Invesco Aerospace & Defense ETF in the third quarter valued at $15,257,000.

Invesco Aerospace & Defense ETF Price Performance

Shares of NYSEARCA PPA opened at $168.40 on Thursday. The company has a 50-day moving average price of $173.20 and a 200-day moving average price of $166.15. The stock has a market capitalization of $8.05 billion, a P/E ratio of 30.91 and a beta of 0.72. Invesco Aerospace & Defense ETF has a 1 year low of $123.78 and a 1 year high of $186.30.

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. 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.