KPP Advisory Services LLC Increases Holdings in Invesco Aerospace & Defense ETF $PPA

KPP Advisory Services LLC increased its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 50.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,888 shares of the company’s stock after acquiring an additional 14,730 shares during the period. Invesco Aerospace & Defense ETF makes up about 1.1% of KPP Advisory Services LLC’s investment portfolio, making the stock its 24th biggest position. KPP Advisory Services LLC owned approximately 0.09% of Invesco Aerospace & Defense ETF worth $7,272,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PPA. Essex Financial Services Inc. raised its stake in shares of Invesco Aerospace & Defense ETF by 2.2% during the 1st quarter. Essex Financial Services Inc. now owns 5,706 shares of the company’s stock worth $946,000 after buying an additional 123 shares during the last quarter. Stegent Equity Advisors Inc. grew its stake in Invesco Aerospace & Defense ETF by 3.7% in the 1st quarter. Stegent Equity Advisors Inc. now owns 13,145 shares of the company’s stock valued at $2,178,000 after acquiring an additional 469 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV acquired a new stake in Invesco Aerospace & Defense ETF in the 1st quarter valued at about $13,227,000. North Star Investment Management Corp. increased its holdings in Invesco Aerospace & Defense ETF by 23.0% during the 1st quarter. North Star Investment Management Corp. now owns 695 shares of the company’s stock valued at $115,000 after acquiring an additional 130 shares in the last quarter. Finally, Detalus Advisors LLC raised its position in Invesco Aerospace & Defense ETF by 30.0% during the first quarter. Detalus Advisors LLC now owns 43,266 shares of the company’s stock worth $7,169,000 after acquiring an additional 9,978 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of NYSEARCA PPA opened at $177.53 on Thursday. The firm’s 50-day moving average is $170.92 and its two-hundred day moving average is $171.52. The company has a market capitalization of $8.79 billion, a PE ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 12-month low of $138.83 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.