Financial Management Professionals Inc. Purchases 2,103 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Financial Management Professionals Inc. increased its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 31.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,760 shares of the company’s stock after buying an additional 2,103 shares during the quarter. Financial Management Professionals Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $1,005,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PPA. Envestnet Asset Management Inc. raised its stake in shares of Invesco Aerospace & Defense ETF by 10.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 214,828 shares of the company’s stock worth $22,067,000 after purchasing an additional 20,682 shares during the period. Blair William & Co. IL raised its stake in shares of Invesco Aerospace & Defense ETF by 17.6% during the 2nd quarter. Blair William & Co. IL now owns 10,051 shares of the company’s stock worth $1,032,000 after purchasing an additional 1,502 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Invesco Aerospace & Defense ETF by 34.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 10,531 shares of the company’s stock worth $1,082,000 after purchasing an additional 2,694 shares during the period. Beck Capital Management LLC raised its stake in shares of Invesco Aerospace & Defense ETF by 1.4% during the 2nd quarter. Beck Capital Management LLC now owns 69,570 shares of the company’s stock worth $7,146,000 after purchasing an additional 985 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Invesco Aerospace & Defense ETF during the 2nd quarter worth $209,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA opened at $119.51 on Friday. The business has a 50-day moving average of $117.95 and a 200 day moving average of $113.72. Invesco Aerospace & Defense ETF has a fifty-two week low of $89.17 and a fifty-two week high of $124.89. The firm has a market cap of $3.72 billion, a P/E ratio of 33.87 and a beta of 0.73.

Invesco Aerospace & Defense ETF 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.