Park Avenue Securities LLC Boosts Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Park Avenue Securities LLC increased its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 187.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,435 shares of the company’s stock after acquiring an additional 15,287 shares during the quarter. Park Avenue Securities LLC owned approximately 0.06% of Invesco Aerospace & Defense ETF worth $2,731,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of PPA. Marcum Wealth LLC raised its stake in Invesco Aerospace & Defense ETF by 2.5% during the first quarter. Marcum Wealth LLC now owns 3,419 shares of the company’s stock worth $398,000 after purchasing an additional 84 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in Invesco Aerospace & Defense ETF by 15.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 639 shares of the company’s stock valued at $74,000 after acquiring an additional 87 shares during the last quarter. Continuum Advisory LLC grew its position in Invesco Aerospace & Defense ETF by 20.0% in the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company’s stock worth $64,000 after acquiring an additional 93 shares during the period. TD Waterhouse Canada Inc. increased its stake in Invesco Aerospace & Defense ETF by 0.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 14,129 shares of the company’s stock worth $1,622,000 after acquiring an additional 101 shares during the last quarter. Finally, Assetmark Inc. increased its stake in Invesco Aerospace & Defense ETF by 29.9% during the fourth quarter. Assetmark Inc. now owns 608 shares of the company’s stock worth $70,000 after acquiring an additional 140 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Up 0.4%

NYSEARCA:PPA opened at $136.79 on Tuesday. The company has a market capitalization of $5.40 billion, a P/E ratio of 29.83 and a beta of 0.84. Invesco Aerospace & Defense ETF has a 52 week low of $100.39 and a 52 week high of $137.19. The stock’s fifty day moving average is $123.37 and its two-hundred day moving average is $119.70.

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.