Schmidt P J Investment Management Inc. Has $836,000 Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Schmidt P J Investment Management Inc. raised its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 6.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,271 shares of the company’s stock after buying an additional 464 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $836,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PPA. Brookstone Capital Management lifted its stake in shares of Invesco Aerospace & Defense ETF by 22.9% in the 1st quarter. Brookstone Capital Management now owns 10,075 shares of the company’s stock valued at $1,023,000 after purchasing an additional 1,879 shares during the last quarter. Kovack Advisors Inc. lifted its stake in shares of Invesco Aerospace & Defense ETF by 13.5% in the 1st quarter. Kovack Advisors Inc. now owns 2,486 shares of the company’s stock valued at $253,000 after purchasing an additional 295 shares during the last quarter. Great Valley Advisor Group Inc. lifted its stake in shares of Invesco Aerospace & Defense ETF by 68.4% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 32,754 shares of the company’s stock valued at $3,365,000 after purchasing an additional 13,308 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF in the 2nd quarter valued at $230,000. Finally, PFG Investments LLC lifted its stake in shares of Invesco Aerospace & Defense ETF by 23.1% in the 2nd quarter. PFG Investments LLC now owns 7,882 shares of the company’s stock valued at $810,000 after purchasing an additional 1,480 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Invesco Aerospace & Defense ETF stock opened at $116.42 on Friday. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a fifty-two week low of $79.33 and a fifty-two week high of $120.16. The firm has a fifty day moving average price of $113.75 and a two-hundred day moving average price of $107.30.

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.