Concourse Financial Group Securities Inc. Has $4.01 Million Stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Concourse Financial Group Securities Inc. raised its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 4.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 32,721 shares of the company’s stock after buying an additional 1,468 shares during the quarter. Concourse Financial Group Securities Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $4,014,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its stake in Invesco Aerospace & Defense ETF by 17.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,778 shares of the company’s stock valued at $1,581,000 after acquiring an additional 2,009 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF in the 4th quarter valued at $935,000. JPMorgan Chase & Co. increased its stake in shares of Invesco Aerospace & Defense ETF by 87.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,218 shares of the company’s stock valued at $1,865,000 after purchasing an additional 7,555 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Invesco Aerospace & Defense ETF by 7.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 91,667 shares of the company’s stock valued at $10,517,000 after purchasing an additional 6,648 shares during the last quarter. Finally, WT Wealth Management raised its holdings in shares of Invesco Aerospace & Defense ETF by 3.5% during the 4th quarter. WT Wealth Management now owns 37,076 shares of the company’s stock worth $4,254,000 after buying an additional 1,247 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Up 0.2 %

NYSEARCA:PPA opened at $115.80 on Friday. Invesco Aerospace & Defense ETF has a twelve month low of $98.02 and a twelve month high of $124.89. The stock’s 50-day simple moving average is $115.60 and its 200 day simple moving average is $117.29. The firm has a market capitalization of $4.50 billion, a PE ratio of 27.45 and a beta of 0.82.

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.