RM Financial Services LLC Takes $4.79 Million Position in Invesco Aerospace & Defense ETF $PPA

RM Financial Services LLC purchased a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 30,598 shares of the company’s stock, valued at approximately $4,793,000. Invesco Aerospace & Defense ETF accounts for approximately 4.3% of RM Financial Services LLC’s portfolio, making the stock its 6th biggest holding.

Several other large investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in shares of Invesco Aerospace & Defense ETF by 208.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,874 shares of the company’s stock valued at $3,598,000 after buying an additional 20,869 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Invesco Aerospace & Defense ETF by 14.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 38,989 shares of the company’s stock valued at $5,524,000 after purchasing an additional 4,915 shares during the period. Walleye Capital LLC bought a new stake in shares of Invesco Aerospace & Defense ETF during the 2nd quarter valued at $318,000. Cerity Partners LLC lifted its holdings in Invesco Aerospace & Defense ETF by 24.6% during the 2nd quarter. Cerity Partners LLC now owns 23,863 shares of the company’s stock worth $3,384,000 after purchasing an additional 4,706 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in Invesco Aerospace & Defense ETF by 19.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 19,844 shares of the company’s stock worth $2,812,000 after purchasing an additional 3,294 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Down 2.4%

Shares of NYSEARCA PPA opened at $167.62 on Thursday. The company has a market cap of $8.02 billion, a P/E ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 52 week low of $132.54 and a 52 week high of $186.30. The business has a 50-day simple moving average of $170.62 and a two-hundred day simple moving average of $168.96.

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. 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.