International Assets Investment Management LLC lifted its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Free Report) by 3,460.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 300,000 shares of the company’s stock after purchasing an additional 291,573 shares during the period. International Assets Investment Management LLC owned 0.63% of Invesco Aerospace & Defense ETF worth $46,386,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Cetera Investment Advisers boosted its stake in Invesco Aerospace & Defense ETF by 15.4% in the 1st quarter. Cetera Investment Advisers now owns 352,527 shares of the company’s stock worth $58,414,000 after purchasing an additional 47,060 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco Aerospace & Defense ETF by 9.1% in the second quarter. Envestnet Asset Management Inc. now owns 241,110 shares of the company’s stock worth $42,592,000 after buying an additional 20,102 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Invesco Aerospace & Defense ETF by 8.9% in the first quarter. Royal Bank of Canada now owns 200,967 shares of the company’s stock valued at $33,300,000 after acquiring an additional 16,357 shares during the period. Kestra Advisory Services LLC boosted its position in shares of Invesco Aerospace & Defense ETF by 136.8% in the first quarter. Kestra Advisory Services LLC now owns 153,727 shares of the company’s stock valued at $25,473,000 after acquiring an additional 88,795 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in Invesco Aerospace & Defense ETF by 25.2% during the second quarter. Janney Montgomery Scott LLC now owns 140,041 shares of the company’s stock valued at $24,738,000 after acquiring an additional 28,229 shares in the last quarter.
Invesco Aerospace & Defense ETF Trading Down 2.2%
Shares of NYSEARCA:PPA opened at $158.65 on Friday. The company has a 50 day moving average of $159.91 and a 200 day moving average of $170.78. The stock has a market cap of $7.51 billion, a P/E ratio of 30.91 and a beta of 0.75. Invesco Aerospace & Defense ETF has a 12 month low of $144.29 and a 12 month high of $186.30.
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. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.
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