Schmidt P J Investment Management Inc. Boosts Stock Holdings in Invesco Aerospace & Defense ETF $PPA

Schmidt P J Investment Management Inc. boosted its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 13.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,667 shares of the company’s stock after purchasing an additional 1,169 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $1,127,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PPA. Wealth Enhancement Advisory Services LLC raised its stake in shares of Invesco Aerospace & Defense ETF by 10.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,794 shares of the company’s stock valued at $1,491,000 after acquiring an additional 1,227 shares during the period. Kestra Private Wealth Services LLC raised its stake in shares of Invesco Aerospace & Defense ETF by 19.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 2,567 shares of the company’s stock valued at $299,000 after acquiring an additional 422 shares during the period. Fifth Third Bancorp raised its stake in shares of Invesco Aerospace & Defense ETF by 840.9% in the 1st quarter. Fifth Third Bancorp now owns 414 shares of the company’s stock valued at $48,000 after acquiring an additional 370 shares during the period. Cerity Partners LLC raised its stake in shares of Invesco Aerospace & Defense ETF by 63.9% in the 1st quarter. Cerity Partners LLC now owns 19,157 shares of the company’s stock valued at $2,233,000 after acquiring an additional 7,471 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Invesco Aerospace & Defense ETF by 2.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 142,031 shares of the company’s stock valued at $16,554,000 after acquiring an additional 2,984 shares during the period.

Invesco Aerospace & Defense ETF Trading Down 0.5%

Shares of PPA stock opened at $146.77 on Wednesday. The company’s fifty day simple moving average is $145.96 and its 200-day simple moving average is $131.39. Invesco Aerospace & Defense ETF has a 52 week low of $100.39 and a 52 week high of $149.52. The company has a market cap of $6.06 billion, a PE ratio of 30.91 and a beta of 0.98.

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.