LPL Financial LLC Buys 60,321 Shares of Invesco Aerospace & Defense ETF $PPA

LPL Financial LLC increased its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,729,063 shares of the company’s stock after acquiring an additional 60,321 shares during the quarter. LPL Financial LLC owned 3.86% of Invesco Aerospace & Defense ETF worth $270,823,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PPA. Goldman Sachs Group Inc. increased its stake in shares of Invesco Aerospace & Defense ETF by 208.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,874 shares of the company’s stock valued at $3,598,000 after acquiring an additional 20,869 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Invesco Aerospace & Defense ETF by 14.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 38,989 shares of the company’s stock valued at $5,524,000 after acquiring an additional 4,915 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of Invesco Aerospace & Defense ETF in the 2nd quarter valued at $318,000. Cerity Partners LLC increased its stake in Invesco Aerospace & Defense ETF by 24.6% during the 2nd quarter. Cerity Partners LLC now owns 23,863 shares of the company’s stock valued at $3,384,000 after purchasing an additional 4,706 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in Invesco Aerospace & Defense ETF by 19.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 19,844 shares of the company’s stock valued at $2,812,000 after purchasing an additional 3,294 shares in the last quarter.

Invesco Aerospace & Defense ETF Trading Up 1.2%

Shares of PPA stock opened at $171.75 on Wednesday. The firm has a market capitalization of $8.21 billion, a PE ratio of 30.91 and a beta of 0.73. The firm has a fifty day simple moving average of $170.47 and a two-hundred day simple moving average of $168.81. Invesco Aerospace & Defense ETF has a 12 month low of $132.54 and a 12 month high of $186.30.

Invesco Aerospace & Defense ETF 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.