Ashton Thomas Securities LLC Makes New Investment in Invesco Aerospace & Defense ETF $PPA

Ashton Thomas Securities LLC purchased a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 12,249 shares of the company’s stock, valued at approximately $1,919,000.

Other hedge funds also recently modified their holdings of the company. Sanctuary Advisors LLC raised its position in Invesco Aerospace & Defense ETF by 0.5% in the 4th quarter. Sanctuary Advisors LLC now owns 11,237 shares of the company’s stock valued at $1,760,000 after buying an additional 61 shares during the last quarter. Advisors Capital Management LLC raised its position in Invesco Aerospace & Defense ETF by 2.3% in the 4th quarter. Advisors Capital Management LLC now owns 2,731 shares of the company’s stock valued at $428,000 after buying an additional 62 shares during the last quarter. Benjamin Edwards Inc. raised its position in Invesco Aerospace & Defense ETF by 1.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 5,724 shares of the company’s stock valued at $891,000 after buying an additional 69 shares during the last quarter. McCollum Christoferson Group LLC raised its position in Invesco Aerospace & Defense ETF by 4.1% in the 4th quarter. McCollum Christoferson Group LLC now owns 1,925 shares of the company’s stock valued at $302,000 after buying an additional 75 shares during the last quarter. Finally, Smith Moore & CO. raised its position in Invesco Aerospace & Defense ETF by 3.3% in the 3rd quarter. Smith Moore & CO. now owns 2,425 shares of the company’s stock valued at $377,000 after buying an additional 78 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Shares of Invesco Aerospace & Defense ETF stock opened at $165.58 on Friday. The business’s 50 day simple moving average is $173.75 and its 200 day simple moving average is $165.83. The firm has a market cap of $7.92 billion, a PE ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 52-week low of $122.57 and a 52-week high of $186.30.

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.