Hobbs Group Advisors LLC Acquires 1,815 Shares of Invesco Aerospace & Defense ETF $PPA

Hobbs Group Advisors LLC boosted its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 85.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,933 shares of the company’s stock after acquiring an additional 1,815 shares during the quarter. Hobbs Group Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $557,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Milestone Investment Advisors LLC bought a new position in Invesco Aerospace & Defense ETF in the 1st quarter worth about $25,000. Whittier Trust Co. of Nevada Inc. bought a new position in Invesco Aerospace & Defense ETF in the 1st quarter worth about $27,000. Banque Transatlantique SA bought a new position in Invesco Aerospace & Defense ETF in the 1st quarter worth about $32,000. Sound Income Strategies LLC bought a new position in Invesco Aerospace & Defense ETF in the 1st quarter worth about $47,000. Finally, Fifth Third Bancorp increased its stake in Invesco Aerospace & Defense ETF by 840.9% in the 1st quarter. Fifth Third Bancorp now owns 414 shares of the company’s stock worth $48,000 after acquiring an additional 370 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Down 2.5%

Shares of NYSEARCA PPA opened at $152.83 on Friday. The firm has a market capitalization of $6.59 billion, a P/E ratio of 30.91 and a beta of 0.98. The stock’s 50-day simple moving average is $149.88 and its two-hundred day simple moving average is $137.28. Invesco Aerospace & Defense ETF has a twelve month low of $100.39 and a twelve month high of $159.96.

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.