Strategic Financial Concepts LLC Makes New Investment in Invesco Aerospace & Defense ETF $PPA

Strategic Financial Concepts LLC bought a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,803 shares of the company’s stock, valued at approximately $596,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. increased its holdings in shares of Invesco Aerospace & Defense ETF by 84.2% during the third quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock worth $27,000 after buying an additional 80 shares in the last quarter. eCIO Inc. acquired a new position in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth $28,000. Binnacle Investments Inc increased its holdings in shares of Invesco Aerospace & Defense ETF by 84.2% during the second quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock worth $30,000 after buying an additional 96 shares in the last quarter. EPG Wealth Management LLC acquired a new position in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth $31,000. Finally, Y.D. More Investments Ltd increased its holdings in shares of Invesco Aerospace & Defense ETF by 720.0% during the fourth quarter. Y.D. More Investments Ltd now owns 205 shares of the company’s stock worth $32,000 after buying an additional 180 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Up 1.4%

NYSEARCA PPA opened at $170.24 on Friday. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 30.91 and a beta of 0.72. Invesco Aerospace & Defense ETF has a twelve month low of $128.11 and a twelve month high of $186.30. The stock has a fifty day simple moving average of $170.08 and a 200 day simple moving average of $167.00.

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. 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.