Raymond James Financial Inc. Takes $63.05 Million Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Raymond James Financial Inc. bought a new stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 549,541 shares of the company’s stock, valued at approximately $63,049,000.

Several other hedge funds have also recently made changes to their positions in the business. M&T Bank Corp grew its holdings in Invesco Aerospace & Defense ETF by 18.4% during the 4th quarter. M&T Bank Corp now owns 6,504 shares of the company’s stock valued at $746,000 after purchasing an additional 1,009 shares during the last quarter. Assetmark Inc. grew its holdings in Invesco Aerospace & Defense ETF by 29.9% during the 4th quarter. Assetmark Inc. now owns 608 shares of the company’s stock valued at $70,000 after purchasing an additional 140 shares during the last quarter. Ring Mountain Capital LLC bought a new position in Invesco Aerospace & Defense ETF during the 4th quarter valued at about $730,000. Exencial Wealth Advisors LLC bought a new position in Invesco Aerospace & Defense ETF during the 4th quarter valued at about $284,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in Invesco Aerospace & Defense ETF by 3.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 51,445 shares of the company’s stock valued at $5,902,000 after purchasing an additional 1,899 shares during the last quarter.

Invesco Aerospace & Defense ETF Trading Down 1.4 %

Shares of NYSEARCA:PPA opened at $114.18 on Tuesday. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 27.08 and a beta of 0.95. The firm’s 50-day moving average is $117.54 and its 200 day moving average is $116.73. Invesco Aerospace & Defense ETF has a 12 month low of $97.53 and a 12 month 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.