PFG Investments LLC Makes New Investment in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

PFG Investments LLC bought a new position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,402 shares of the company’s stock, valued at approximately $650,000.

A number of other institutional investors also recently modified their holdings of PPA. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management bought a new stake in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth approximately $34,256,000. International Assets Investment Management LLC raised its stake in shares of Invesco Aerospace & Defense ETF by 9,361.6% during the fourth quarter. International Assets Investment Management LLC now owns 244,582 shares of the company’s stock worth $22,541,000 after buying an additional 241,997 shares during the last quarter. Greenlight Capital Inc. bought a new stake in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth approximately $17,098,000. Axxcess Wealth Management LLC raised its stake in shares of Invesco Aerospace & Defense ETF by 219.3% during the third quarter. Axxcess Wealth Management LLC now owns 229,932 shares of the company’s stock worth $18,349,000 after buying an additional 157,931 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Invesco Aerospace & Defense ETF by 243.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 208,311 shares of the company’s stock worth $19,198,000 after buying an additional 147,710 shares during the last quarter.

Invesco Aerospace & Defense ETF Trading Up 1.1 %

Shares of PPA traded up $1.07 on Monday, reaching $101.98. 113,595 shares of the company’s stock were exchanged, compared to its average volume of 162,970. The stock has a market capitalization of $3.09 billion, a P/E ratio of 32.60 and a beta of 0.74. The business has a 50 day moving average price of $99.20 and a two-hundred day moving average price of $92.30. Invesco Aerospace & Defense ETF has a 12 month low of $77.17 and a 12 month high of $102.00.

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.