Invesco Aerospace & Defense ETF $PPA Stock: McCollum Christoferson Group LLC Boosts Stake

McCollum Christoferson Group LLC grew its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 64.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,467 shares of the company’s stock after acquiring an additional 13,510 shares during the period. Invesco Aerospace & Defense ETF comprises approximately 0.8% of McCollum Christoferson Group LLC’s holdings, making the stock its 28th biggest position. McCollum Christoferson Group LLC owned 0.07% of Invesco Aerospace & Defense ETF worth $5,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Kestra Advisory Services LLC grew its stake 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 worth $25,473,000 after purchasing an additional 88,795 shares in the last quarter. Acorn Financial Advisory Services Inc. ADV bought a new position in Invesco Aerospace & Defense ETF during the 1st quarter worth approximately $13,227,000. Assetmark Inc. grew its position in shares of Invesco Aerospace & Defense ETF by 8,939.8% in the 1st quarter. Assetmark Inc. now owns 68,974 shares of the company’s stock worth $11,429,000 after acquiring an additional 68,211 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Invesco Aerospace & Defense ETF by 15.4% in the 1st quarter. Cetera Investment Advisers now owns 352,527 shares of the company’s stock worth $58,414,000 after acquiring an additional 47,060 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 49.5% in the 1st quarter. Private Advisor Group LLC now owns 115,401 shares of the company’s stock valued at $19,122,000 after acquiring an additional 38,226 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA PPA traded down $1.73 during trading on Tuesday, reaching $152.76. The stock had a trading volume of 130,511 shares, compared to its average volume of 260,445. The stock has a market cap of $7.25 billion, a PE ratio of 30.91 and a beta of 0.75. Invesco Aerospace & Defense ETF has a one year low of $144.29 and a one year high of $186.30. The firm’s 50 day moving average price is $166.92 and its two-hundred day moving average price is $170.18.

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.