Schmidt P J Investment Management Inc. Buys 1,227 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Schmidt P J Investment Management Inc. lifted its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 16.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,498 shares of the company’s stock after acquiring an additional 1,227 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $975,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Lion Street Advisors LLC boosted its position in Invesco Aerospace & Defense ETF by 15.7% in the fourth quarter. Lion Street Advisors LLC now owns 2,655 shares of the company’s stock worth $305,000 after purchasing an additional 360 shares during the last quarter. Financial Partners Group Inc lifted its stake in shares of Invesco Aerospace & Defense ETF by 25.1% in the 4th quarter. Financial Partners Group Inc now owns 26,286 shares of the company’s stock worth $3,016,000 after purchasing an additional 5,277 shares during the period. WFA Asset Management Corp boosted its holdings in shares of Invesco Aerospace & Defense ETF by 351.4% in the fourth quarter. WFA Asset Management Corp now owns 1,133 shares of the company’s stock worth $130,000 after buying an additional 882 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its position in Invesco Aerospace & Defense ETF by 21.6% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 4,198 shares of the company’s stock valued at $482,000 after buying an additional 745 shares during the period. Finally, Spire Wealth Management increased its holdings in Invesco Aerospace & Defense ETF by 256.2% during the fourth quarter. Spire Wealth Management now owns 3,188 shares of the company’s stock valued at $366,000 after buying an additional 2,293 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of Invesco Aerospace & Defense ETF stock opened at $120.92 on Thursday. The stock has a market capitalization of $3.77 billion, a PE ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 1-year low of $92.07 and a 1-year high of $124.89. The company’s fifty day simple moving average is $118.14 and its 200-day simple moving average is $115.23.

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.