International Assets Investment Management LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,256 shares of the company’s stock, valued at approximately $334,000.
A number of other institutional investors and hedge funds have also bought and sold shares of PPA. JPMorgan Chase & Co. increased its holdings in shares of Invesco Aerospace & Defense ETF by 8,435.0% in the first quarter. JPMorgan Chase & Co. now owns 3,414 shares of the company’s stock worth $267,000 after purchasing an additional 3,374 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Invesco Aerospace & Defense ETF by 11.9% in the first quarter. Raymond James & Associates now owns 18,515 shares of the company’s stock worth $1,450,000 after purchasing an additional 1,969 shares during the last quarter. HighTower Advisors LLC bought a new stake in shares of Invesco Aerospace & Defense ETF in the first quarter worth about $410,000. Bank of Montreal Can bought a new stake in shares of Invesco Aerospace & Defense ETF in the first quarter worth about $1,091,000. Finally, Cibc World Market Inc. bought a new stake in shares of Invesco Aerospace & Defense ETF in the first quarter worth about $705,000.
Invesco Aerospace & Defense ETF Price Performance
Shares of NYSEARCA PPA opened at $80.96 on Friday. The business’s 50 day moving average is $80.32 and its two-hundred day moving average is $77.46. Invesco Aerospace & Defense ETF has a 1-year low of $64.48 and a 1-year high of $82.61. The stock has a market capitalization of $1.88 billion, a P/E ratio of 24.91 and a beta of 0.98.
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.
Further Reading
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