Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Holdings Raised by IFP Advisors Inc

IFP Advisors Inc boosted its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 46.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,067 shares of the company’s stock after acquiring an additional 1,296 shares during the quarter. IFP Advisors Inc’s holdings in Invesco Aerospace & Defense ETF were worth $467,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC bought a new position in shares of Invesco Aerospace & Defense ETF during the 3rd quarter valued at $9,775,000. National Bank of Canada FI raised its holdings in shares of Invesco Aerospace & Defense ETF by 26.6% during the 3rd quarter. National Bank of Canada FI now owns 227,122 shares of the company’s stock valued at $26,112,000 after purchasing an additional 47,703 shares in the last quarter. Transcendent Capital Group LLC bought a new position in shares of Invesco Aerospace & Defense ETF during the 3rd quarter valued at $3,434,000. Golden State Wealth Management LLC bought a new position in shares of Invesco Aerospace & Defense ETF during the 4th quarter valued at $2,576,000. Finally, LPL Financial LLC raised its holdings in shares of Invesco Aerospace & Defense ETF by 1.5% during the 3rd quarter. LPL Financial LLC now owns 1,392,972 shares of the company’s stock valued at $160,150,000 after purchasing an additional 20,169 shares in the last quarter.

Invesco Aerospace & Defense ETF Trading Up 1.2 %

Invesco Aerospace & Defense ETF stock opened at $116.71 on Friday. The company has a market capitalization of $4.69 billion, a P/E ratio of 27.41 and a beta of 0.96. The firm’s fifty day simple moving average is $117.70 and its 200-day simple moving average is $116.36. Invesco Aerospace & Defense ETF has a 1-year low of $97.28 and a 1-year high of $124.89.

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.