Verus Capital Partners LLC Buys 6,103 Shares of Invesco Aerospace & Defense ETF $PPA

Verus Capital Partners LLC purchased a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the third quarter, HoldingsChannel reports. The institutional investor purchased 6,103 shares of the company’s stock, valued at approximately $944,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PPA. Cetera Investment Advisers boosted 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 valued at $58,414,000 after purchasing an additional 47,060 shares during the period. International Assets Investment Management LLC increased its position in Invesco Aerospace & Defense ETF by 3,460.0% in the 3rd quarter. International Assets Investment Management LLC now owns 300,000 shares of the company’s stock valued at $46,386,000 after acquiring an additional 291,573 shares during the period. Envestnet Asset Management Inc. raised its stake in Invesco Aerospace & Defense ETF by 9.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 241,110 shares of the company’s stock valued at $42,592,000 after acquiring an additional 20,102 shares during the last quarter. Royal Bank of Canada raised its stake in Invesco Aerospace & Defense ETF by 8.9% during the 1st quarter. Royal Bank of Canada now owns 200,967 shares of the company’s stock valued at $33,300,000 after acquiring an additional 16,357 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its position in Invesco Aerospace & Defense ETF by 6.1% during the 3rd quarter. Kestra Advisory Services LLC now owns 174,184 shares of the company’s stock worth $26,932,000 after acquiring an additional 9,980 shares during the period.

Invesco Aerospace & Defense ETF Stock Performance

NYSEARCA:PPA opened at $153.19 on Monday. Invesco Aerospace & Defense ETF has a 12-month low of $144.29 and a 12-month high of $186.30. The stock’s 50 day simple moving average is $158.42 and its 200-day simple moving average is $170.26. The firm has a market cap of $7.25 billion, a P/E ratio of 26.95 and a beta of 0.76.

Invesco Aerospace & Defense ETF 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.