Independent Advisor Alliance Invests $2.89 Million in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Independent Advisor Alliance acquired a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 25,156 shares of the company’s stock, valued at approximately $2,886,000. Independent Advisor Alliance owned 0.08% of Invesco Aerospace & Defense ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Howe & Rusling Inc. acquired a new stake in shares of Invesco Aerospace & Defense ETF during the 3rd quarter worth approximately $27,000. Glass Jacobson Investment Advisors llc grew its stake in shares of 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 worth $35,000 after purchasing an additional 102 shares during the period. Continuum Advisory LLC grew its stake in shares of Invesco Aerospace & Defense ETF by 47.6% during the 3rd quarter. Continuum Advisory LLC now owns 465 shares of the company’s stock worth $55,000 after purchasing an additional 150 shares during the period. Assetmark Inc. acquired a new stake in shares of Invesco Aerospace & Defense ETF during the 3rd quarter worth approximately $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Invesco Aerospace & Defense ETF by 41.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 584 shares of the company’s stock worth $67,000 after purchasing an additional 172 shares during the period.

Invesco Aerospace & Defense ETF Stock Performance

Invesco Aerospace & Defense ETF stock opened at $114.26 on Thursday. The company’s fifty day moving average price is $117.52 and its 200 day moving average price is $116.73. Invesco Aerospace & Defense ETF has a 1 year low of $97.53 and a 1 year high of $124.89. The stock has a market capitalization of $4.50 billion, a P/E ratio of 27.08 and a beta of 0.95.

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.