Financial Management Professionals Inc. Purchases 2,103 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Financial Management Professionals Inc. boosted its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 31.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,760 shares of the company’s stock after purchasing an additional 2,103 shares during the period. Financial Management Professionals Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $1,005,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Howe & Rusling Inc. bought a new position in Invesco Aerospace & Defense ETF during the 3rd quarter valued at about $27,000. Glass Jacobson Investment Advisors llc lifted its holdings in Invesco Aerospace & Defense ETF by 50.5% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock valued at $35,000 after purchasing an additional 102 shares during the last quarter. Eastern Bank bought a new position in Invesco Aerospace & Defense ETF during the 3rd quarter valued at about $46,000. Continuum Advisory LLC lifted its holdings in Invesco Aerospace & Defense ETF by 47.6% during the 3rd quarter. Continuum Advisory LLC now owns 465 shares of the company’s stock valued at $55,000 after purchasing an additional 150 shares during the last quarter. Finally, Assetmark Inc. acquired a new stake in Invesco Aerospace & Defense ETF in the 3rd quarter valued at about $54,000.

Invesco Aerospace & Defense ETF Trading Up 0.7 %

PPA opened at $119.51 on Friday. The stock has a market capitalization of $3.72 billion, a PE ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 1-year low of $89.17 and a 1-year high of $124.89. The firm has a 50-day moving average price of $117.95 and a two-hundred day moving average price of $113.72.

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.