PFG Advisors Boosts Holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

PFG Advisors grew its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 5.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,632 shares of the company’s stock after purchasing an additional 144 shares during the period. PFG Advisors’ holdings in Invesco Aerospace & Defense ETF were worth $302,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in PPA. Assetmark Inc. purchased a new stake in shares of Invesco Aerospace & Defense ETF in the 3rd quarter valued at approximately $54,000. Atria Investments Inc boosted its position in shares of Invesco Aerospace & Defense ETF by 10.4% during the 3rd quarter. Atria Investments Inc now owns 2,928 shares of the company’s stock worth $337,000 after purchasing an additional 276 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Invesco Aerospace & Defense ETF by 6.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 33,147 shares of the company’s stock worth $3,811,000 after purchasing an additional 1,982 shares during the period. Kovack Advisors Inc. boosted its position in shares of Invesco Aerospace & Defense ETF by 6.0% during the 3rd quarter. Kovack Advisors Inc. now owns 2,636 shares of the company’s stock worth $303,000 after purchasing an additional 150 shares during the period. Finally, OneDigital Investment Advisors LLC purchased a new position in shares of Invesco Aerospace & Defense ETF during the 3rd quarter worth approximately $208,000.

Invesco Aerospace & Defense ETF Stock Performance

NYSEARCA:PPA opened at $115.69 on Friday. The stock has a market capitalization of $4.56 billion, a P/E ratio of 27.08 and a beta of 0.95. The company has a 50 day moving average price of $117.51 and a 200 day moving average price of $116.78. Invesco Aerospace & Defense ETF has a fifty-two week low of $97.64 and a fifty-two week high of $124.89.

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.