First Heartland Consultants Inc. Buys 8,459 Shares of Invesco Aerospace & Defense ETF $PPA

First Heartland Consultants Inc. boosted its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 81.2% in the third quarter, HoldingsChannel reports. The firm owned 18,878 shares of the company’s stock after buying an additional 8,459 shares during the period. First Heartland Consultants Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $2,919,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Montgomery Financial Services LLC acquired a new position in shares of Invesco Aerospace & Defense ETF during the second quarter valued at about $25,000. Bayban bought a new position in shares of Invesco Aerospace & Defense ETF during the 4th quarter worth about $38,000. Tucker Asset Management LLC grew its stake in shares of Invesco Aerospace & Defense ETF by 233.7% in the 2nd quarter. Tucker Asset Management LLC now owns 327 shares of the company’s stock valued at $58,000 after buying an additional 229 shares during the period. Harbor Asset Planning Inc. grew its stake in shares of Invesco Aerospace & Defense ETF by 44.2% in the 1st quarter. Harbor Asset Planning Inc. now owns 463 shares of the company’s stock valued at $77,000 after buying an additional 142 shares during the period. Finally, United Community Bank bought a new stake in Invesco Aerospace & Defense ETF in the 2nd quarter valued at about $82,000.

Invesco Aerospace & Defense ETF Stock Performance

PPA stock opened at $153.39 on Friday. The stock’s 50 day simple moving average is $167.80 and its 200 day simple moving average is $170.39. Invesco Aerospace & Defense ETF has a fifty-two week low of $144.29 and a fifty-two week high of $186.30. The company has a market cap of $7.47 billion, a P/E ratio of 30.91 and a beta of 0.75.

About Invesco Aerospace & Defense ETF

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.