LPL Financial LLC Has $164.60 Million Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

LPL Financial LLC grew its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 3.0% during the 4th quarter, HoldingsChannel reports. The firm owned 1,434,638 shares of the company’s stock after purchasing an additional 41,666 shares during the quarter. LPL Financial LLC’s holdings in Invesco Aerospace & Defense ETF were worth $164,596,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Intellus Advisors LLC bought a new stake in shares of Invesco Aerospace & Defense ETF in the 4th quarter valued at $7,583,000. Runnymede Capital Advisors Inc. bought a new stake in shares of Invesco Aerospace & Defense ETF in the fourth quarter worth about $25,000. Holderness Investments Co. bought a new stake in shares of Invesco Aerospace & Defense ETF in the fourth quarter worth about $257,000. Thrivent Financial for Lutherans raised its position in shares of Invesco Aerospace & Defense ETF by 17.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 13,778 shares of the company’s stock worth $1,581,000 after purchasing an additional 2,009 shares during the period. Finally, Harbour Investments Inc. lifted its holdings in shares of Invesco Aerospace & Defense ETF by 129.0% during the 4th quarter. Harbour Investments Inc. now owns 19,565 shares of the company’s stock valued at $2,245,000 after purchasing an additional 11,021 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

NYSEARCA PPA opened at $119.91 on Tuesday. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 27.08 and a beta of 0.95. The business has a 50 day simple moving average of $117.92 and a 200 day simple moving average of $117.09. Invesco Aerospace & Defense ETF has a 52-week low of $97.64 and a 52-week high of $124.89.

Invesco Aerospace & Defense ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be issued a dividend of $0.0489 per share. The ex-dividend date of this dividend is Monday, March 24th.

Invesco Aerospace & Defense ETF Company 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.