Permanent Capital Management LP Makes New Investment in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Permanent Capital Management LP acquired a new position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 58,131 shares of the company’s stock, valued at approximately $6,669,000. Invesco Aerospace & Defense ETF comprises 2.1% of Permanent Capital Management LP’s holdings, making the stock its 11th largest holding.

A number of other hedge funds also recently modified their holdings of the company. XML Financial LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 3.0% in the 3rd quarter. XML Financial LLC now owns 3,205 shares of the company’s stock worth $368,000 after acquiring an additional 92 shares during the period. Carr Financial Group Corp lifted its position in shares of Invesco Aerospace & Defense ETF by 1.1% in the 3rd quarter. Carr Financial Group Corp now owns 9,650 shares of the company’s stock worth $1,109,000 after acquiring an additional 102 shares during the period. Glass Jacobson Investment Advisors llc raised its holdings in shares of Invesco Aerospace & Defense ETF by 50.5% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock worth $35,000 after buying an additional 102 shares in the last quarter. National Wealth Management Group LLC raised its holdings in shares of Invesco Aerospace & Defense ETF by 2.2% in the 3rd quarter. National Wealth Management Group LLC now owns 5,393 shares of the company’s stock worth $620,000 after buying an additional 116 shares in the last quarter. Finally, American Institute for Advanced Investment Management LLP raised its holdings in shares of Invesco Aerospace & Defense ETF by 0.8% in the 4th quarter. American Institute for Advanced Investment Management LLP now owns 14,541 shares of the company’s stock worth $1,668,000 after buying an additional 121 shares in the last quarter.

Invesco Aerospace & Defense ETF Trading Up 1.2 %

Shares of PPA opened at $115.78 on Friday. Invesco Aerospace & Defense ETF has a 1 year low of $97.53 and a 1 year high of $124.89. The stock has a 50 day simple moving average of $117.56 and a 200-day simple moving average of $116.62. The stock has a market cap of $4.65 billion, a PE ratio of 27.41 and a beta of 0.96.

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.