Private Portfolio Partners LLC Invests $232,000 in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Private Portfolio Partners LLC purchased a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 2,020 shares of the company’s stock, valued at approximately $232,000.

Several other large investors have also added to or reduced their stakes in the business. National Bank of Canada FI increased its holdings in Invesco Aerospace & Defense ETF by 18.3% during the 4th quarter. National Bank of Canada FI now owns 268,678 shares of the company’s stock worth $30,825,000 after purchasing an additional 41,556 shares in the last quarter. Summit Financial LLC purchased a new position in shares of Invesco Aerospace & Defense ETF during the fourth quarter valued at approximately $211,000. Hazlett Burt & Watson Inc. grew its holdings in Invesco Aerospace & Defense ETF by 12.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 11,967 shares of the company’s stock worth $1,370,000 after buying an additional 1,332 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in Invesco Aerospace & Defense ETF by 15.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 639 shares of the company’s stock valued at $74,000 after buying an additional 87 shares during the last quarter. Finally, Orion Portfolio Solutions LLC lifted its stake in Invesco Aerospace & Defense ETF by 127.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 12,924 shares of the company’s stock valued at $1,483,000 after acquiring an additional 7,246 shares in the last quarter.

Invesco Aerospace & Defense ETF Price Performance

PPA opened at $118.82 on Thursday. Invesco Aerospace & Defense ETF has a 1 year low of $97.64 and a 1 year high of $124.89. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 28.07 and a beta of 0.95. The firm’s fifty day moving average price is $117.73 and its two-hundred day moving average price is $117.45.

Invesco Aerospace & Defense ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.0489 dividend. The ex-dividend date was Monday, March 24th.

About Invesco Aerospace & Defense ETF

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.