Lynx Investment Advisory Purchases Shares of 2,156 Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Lynx Investment Advisory purchased a new stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 2,156 shares of the company’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Summit Trail Advisors LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 4.8% during the 4th quarter. Summit Trail Advisors LLC now owns 623,691 shares of the company’s stock valued at $57,479,000 after acquiring an additional 28,557 shares during the last quarter. Miracle Mile Advisors LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 7.6% during the 1st quarter. Miracle Mile Advisors LLC now owns 565,987 shares of the company’s stock valued at $57,487,000 after acquiring an additional 40,150 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Invesco Aerospace & Defense ETF by 32.4% during the 4th quarter. Wells Fargo & Company MN now owns 469,209 shares of the company’s stock valued at $43,242,000 after acquiring an additional 114,843 shares during the last quarter. Axxcess Wealth Management LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 43.7% during the 4th quarter. Axxcess Wealth Management LLC now owns 330,381 shares of the company’s stock valued at $30,448,000 after acquiring an additional 100,449 shares during the last quarter. Finally, Capital Asset Advisory Services LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 17.1% during the 1st quarter. Capital Asset Advisory Services LLC now owns 311,075 shares of the company’s stock valued at $31,565,000 after acquiring an additional 45,477 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Up 0.8 %

Shares of PPA traded up $0.81 during mid-day trading on Tuesday, reaching $104.13. The company’s stock had a trading volume of 190,922 shares, compared to its average volume of 147,264. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73. The business has a fifty day moving average of $104.49 and a 200 day moving average of $100.86. Invesco Aerospace & Defense ETF has a 1 year low of $77.50 and a 1 year high of $110.26.

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.