Kestra Advisory Services LLC grew its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Free Report) by 6.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 174,184 shares of the company’s stock after acquiring an additional 9,980 shares during the quarter. Kestra Advisory Services LLC’s holdings in Invesco Aerospace & Defense ETF were worth $26,932,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of the business. Schmidt P J Investment Management Inc. grew its position in Invesco Aerospace & Defense ETF by 12.3% during the 3rd quarter. Schmidt P J Investment Management Inc. now owns 24,599 shares of the company’s stock worth $3,803,000 after purchasing an additional 2,688 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF in the third quarter valued at about $321,000. Provenance Wealth Advisors LLC boosted its stake in shares of Invesco Aerospace & Defense ETF by 73.5% during the third quarter. Provenance Wealth Advisors LLC now owns 236 shares of the company’s stock worth $36,000 after buying an additional 100 shares during the period. Integras Partners LLC boosted its stake in shares of Invesco Aerospace & Defense ETF by 18.6% during the third quarter. Integras Partners LLC now owns 2,368 shares of the company’s stock worth $366,000 after buying an additional 371 shares during the period. Finally, Signature Equity Partners LLC grew its holdings in shares of Invesco Aerospace & Defense ETF by 10.9% during the third quarter. Signature Equity Partners LLC now owns 6,536 shares of the company’s stock worth $1,011,000 after buying an additional 640 shares during the last quarter.
Invesco Aerospace & Defense ETF Stock Up 1.5%
Shares of PPA stock opened at $153.19 on Friday. The stock has a market capitalization of $7.25 billion, a PE ratio of 26.95 and a beta of 0.76. Invesco Aerospace & Defense ETF has a 52-week low of $144.29 and a 52-week high of $186.30. The stock’s 50-day moving average price is $158.42 and its 200 day moving average price is $170.26.
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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