Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Shares Acquired by Financial Partners Group Inc

Financial Partners Group Inc lifted its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 25.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 26,286 shares of the company’s stock after acquiring an additional 5,277 shares during the period. Financial Partners Group Inc’s holdings in Invesco Aerospace & Defense ETF were worth $3,016,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PPA. Howe & Rusling Inc. acquired a new stake in shares of Invesco Aerospace & Defense ETF during the third quarter worth about $27,000. Glass Jacobson Investment Advisors llc lifted its stake in Invesco Aerospace & Defense ETF by 50.5% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock valued at $35,000 after acquiring an additional 102 shares during the period. Eastern Bank acquired a new stake in shares of Invesco Aerospace & Defense ETF in the third quarter worth $46,000. Continuum Advisory LLC raised its holdings in shares of Invesco Aerospace & Defense ETF by 47.6% during the third quarter. Continuum Advisory LLC now owns 465 shares of the company’s stock worth $55,000 after purchasing an additional 150 shares during the last quarter. Finally, Assetmark Inc. acquired a new position in Invesco Aerospace & Defense ETF during the third quarter valued at $54,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA opened at $120.59 on Monday. The company has a market capitalization of $3.76 billion, a P/E ratio of 33.87 and a beta of 0.73. The business’s 50-day moving average is $118.13 and its two-hundred day moving average is $114.97. Invesco Aerospace & Defense ETF has a fifty-two week low of $90.93 and a fifty-two week high of $124.89.

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.