Invesco Aerospace & Defense ETF $PPA Position Increased by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. raised its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 13.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,961 shares of the company’s stock after buying an additional 7,617 shares during the quarter. Valley Wealth Managers Inc. owned 0.15% of Invesco Aerospace & Defense ETF worth $10,098,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Evolution Wealth Management Inc. acquired a new stake in shares of Invesco Aerospace & Defense ETF during the second quarter valued at approximately $26,000. Briaud Financial Planning Inc acquired a new position in Invesco Aerospace & Defense ETF in the 2nd quarter worth approximately $27,000. Binnacle Investments Inc grew its position in Invesco Aerospace & Defense ETF by 84.2% during the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock worth $30,000 after purchasing an additional 96 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Invesco Aerospace & Defense ETF during the 2nd quarter valued at $43,000. Finally, Rossmore Private Capital purchased a new stake in shares of Invesco Aerospace & Defense ETF in the third quarter valued at $54,000.

Invesco Aerospace & Defense ETF Stock Down 0.0%

Shares of Invesco Aerospace & Defense ETF stock opened at $175.68 on Friday. The stock has a market cap of $7.83 billion, a PE ratio of 30.91 and a beta of 0.87. The business has a fifty day simple moving average of $161.69 and a 200-day simple moving average of $154.49. Invesco Aerospace & Defense ETF has a 12 month low of $100.39 and a 12 month high of $181.31.

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.