Florida Financial Advisors LLC Has $1.18 Million Stock Position in Invesco Aerospace & Defense ETF $PPA

Florida Financial Advisors LLC grew its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 72.8% in the first quarter, Holdings Channel.com reports. The fund owned 7,094 shares of the company’s stock after buying an additional 2,988 shares during the period. Florida Financial Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $1,176,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco Aerospace & Defense ETF by 2,760.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,817,263 shares of the company’s stock valued at $441,268,000 after purchasing an additional 2,718,777 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Invesco Aerospace & Defense ETF by 533.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 190,000 shares of the company’s stock valued at $29,536,000 after buying an additional 160,000 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Invesco Aerospace & Defense ETF by 43.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 400,922 shares of the company’s stock valued at $62,303,000 after buying an additional 121,776 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of Invesco Aerospace & Defense ETF by 136.8% in the 1st quarter. Kestra Advisory Services LLC now owns 153,727 shares of the company’s stock valued at $25,473,000 after buying an additional 88,795 shares in the last quarter. Finally, EFG International AG bought a new position in shares of Invesco Aerospace & Defense ETF during the 4th quarter worth about $13,799,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of Invesco Aerospace & Defense ETF stock opened at $167.83 on Tuesday. The firm’s 50-day simple moving average is $172.81 and its 200-day simple moving average is $173.15. Invesco Aerospace & Defense ETF has a twelve month low of $142.07 and a twelve month high of $186.30. The firm has a market cap of $7.92 billion, a P/E ratio of 30.91 and a beta of 0.73.

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. 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.