NewEdge Advisors LLC lifted its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Free Report) by 22.6% during the 1st quarter, HoldingsChannel reports. The fund owned 52,820 shares of the company’s stock after purchasing an additional 9,747 shares during the period. NewEdge Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $8,752,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of PPA. Binnacle Investments Inc boosted its stake in shares of Invesco Aerospace & Defense ETF by 84.2% during the second 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 bought a new position in Invesco Aerospace & Defense ETF in the 4th quarter valued at approximately $31,000. Bayban bought a new position in Invesco Aerospace & Defense ETF in the 4th quarter valued at approximately $38,000. High Point Wealth Management LLC acquired a new stake in Invesco Aerospace & Defense ETF during the 4th quarter worth approximately $41,000. Finally, Wealth Watch Advisors INC acquired a new stake in Invesco Aerospace & Defense ETF during the 3rd quarter worth approximately $49,000.
Invesco Aerospace & Defense ETF Price Performance
PPA opened at $183.78 on Monday. Invesco Aerospace & Defense ETF has a fifty-two week low of $143.44 and a fifty-two week high of $186.30. The company’s 50 day moving average price is $174.56 and its two-hundred day moving average price is $173.81. The firm has a market capitalization of $8.70 billion, a price-to-earnings ratio of 30.91 and a beta of 0.74.
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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