Savvy Advisors Inc. Buys 538 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Savvy Advisors Inc. lifted its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 29.3% in the first quarter, HoldingsChannel.com reports. The fund owned 2,374 shares of the company’s stock after purchasing an additional 538 shares during the period. Savvy Advisors Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $277,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Milestone Investment Advisors LLC bought a new position in Invesco Aerospace & Defense ETF in the first quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Invesco Aerospace & Defense ETF in the 1st quarter worth approximately $27,000. Wood Tarver Financial Group LLC purchased a new position in shares of Invesco Aerospace & Defense ETF in the fourth quarter worth approximately $45,000. Sound Income Strategies LLC purchased a new position in shares of Invesco Aerospace & Defense ETF in the first quarter worth approximately $47,000. Finally, Fifth Third Bancorp grew its position in Invesco Aerospace & Defense ETF by 840.9% during the first quarter. Fifth Third Bancorp now owns 414 shares of the company’s stock valued at $48,000 after buying an additional 370 shares during the period.

Invesco Aerospace & Defense ETF Trading Down 0.4%

Shares of PPA stock opened at $146.69 on Monday. The company has a 50 day simple moving average of $141.29 and a two-hundred day simple moving average of $127.16. The stock has a market cap of $6.02 billion, a P/E ratio of 30.91 and a beta of 0.98. Invesco Aerospace & Defense ETF has a 12 month low of $100.39 and a 12 month high of $148.44.

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.