Janney Montgomery Scott LLC Increases Stock Holdings in Invesco Aerospace & Defense ETF $PPA

Janney Montgomery Scott LLC increased its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 25.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 140,041 shares of the company’s stock after buying an additional 28,229 shares during the quarter. Janney Montgomery Scott LLC owned about 0.30% of Invesco Aerospace & Defense ETF worth $24,738,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco Aerospace & Defense ETF by 2,760.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,817,263 shares of the company’s stock valued at $441,268,000 after acquiring an additional 2,718,777 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Invesco Aerospace & Defense ETF by 533.3% in the third quarter. BNP Paribas Financial Markets now owns 190,000 shares of the company’s stock worth $29,536,000 after acquiring an additional 160,000 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Invesco Aerospace & Defense ETF by 43.6% in the third quarter. Ameriprise Financial Inc. now owns 400,922 shares of the company’s stock worth $62,303,000 after acquiring an additional 121,776 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in 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 purchasing an additional 88,795 shares during the period. Finally, EFG International AG purchased a new stake in Invesco Aerospace & Defense ETF in the fourth quarter valued at approximately $13,799,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA stock opened at $185.09 on Friday. Invesco Aerospace & Defense ETF has a one year low of $143.44 and a one year high of $186.30. The company has a 50 day moving average price of $175.77 and a 200 day moving average price of $174.07. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 30.91 and a beta of 0.74.

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.