Ascent Advisors LLC Buys New Position in Invesco Aerospace & Defense ETF $PPA

Ascent Advisors LLC purchased a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,866 shares of the company’s stock, valued at approximately $806,000. Invesco Aerospace & Defense ETF makes up approximately 1.3% of Ascent Advisors LLC’s holdings, making the stock its 18th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Warner Group LLC lifted its stake in Invesco Aerospace & Defense ETF by 28.6% during the 1st quarter. Warner Group LLC now owns 7,619 shares of the company’s stock valued at $1,263,000 after acquiring an additional 1,693 shares in the last quarter. Integrated Advisors Network LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF in the first quarter valued at about $309,000. Stephens Inc. AR purchased a new stake in shares of Invesco Aerospace & Defense ETF in the first quarter valued at about $302,000. Koshinski Asset Management Inc. bought a new position in shares of Invesco Aerospace & Defense ETF during the first quarter valued at about $216,000. Finally, Turn8 Private Wealth Inc. bought a new position in shares of Invesco Aerospace & Defense ETF during the first quarter valued at about $4,092,000.

Invesco Aerospace & Defense ETF Stock Performance

Invesco Aerospace & Defense ETF stock opened at $175.51 on Thursday. Invesco Aerospace & Defense ETF has a fifty-two week low of $141.36 and a fifty-two week high of $186.30. The stock has a market cap of $8.27 billion, a PE ratio of 30.91 and a beta of 0.73. The firm’s 50-day simple moving average is $172.07 and its 200 day simple moving average is $172.46.

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.