Aurora Private Wealth Inc. Purchases 271,196 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Aurora Private Wealth Inc. raised its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 11,555.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 273,543 shares of the company’s stock after purchasing an additional 271,196 shares during the quarter. Invesco Aerospace & Defense ETF accounts for about 0.9% of Aurora Private Wealth Inc.’s investment portfolio, making the stock its 16th biggest holding. Aurora Private Wealth Inc. owned 0.70% of Invesco Aerospace & Defense ETF worth $31,881,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Invesco Aerospace & Defense ETF during the fourth quarter valued at approximately $63,049,000. Investment Management Corp VA ADV bought a new stake in Invesco Aerospace & Defense ETF in the 4th quarter worth approximately $10,251,000. Intellus Advisors LLC purchased a new stake in Invesco Aerospace & Defense ETF during the 4th quarter valued at $7,583,000. Adapt Wealth Advisors LLC bought a new position in shares of Invesco Aerospace & Defense ETF during the 4th quarter valued at $7,190,000. Finally, Focus Partners Wealth boosted its stake in shares of Invesco Aerospace & Defense ETF by 145.9% in the 4th quarter. Focus Partners Wealth now owns 100,899 shares of the company’s stock worth $11,576,000 after buying an additional 59,867 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of PPA opened at $136.46 on Wednesday. The firm has a market capitalization of $5.47 billion, a P/E ratio of 29.10 and a beta of 0.85. Invesco Aerospace & Defense ETF has a one year low of $100.39 and a one year high of $137.55. The business has a fifty day moving average of $128.67 and a 200 day moving average of $120.87.

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.