Independent Advisor Alliance Acquires Shares of 25,156 Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Independent Advisor Alliance purchased a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,156 shares of the company’s stock, valued at approximately $2,886,000.

Other large investors have also modified their holdings of the company. Howe & Rusling Inc. purchased a new stake in shares of Invesco Aerospace & Defense ETF during the third quarter worth approximately $27,000. Glass Jacobson Investment Advisors llc grew its holdings in Invesco Aerospace & Defense ETF by 50.5% in the third quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock valued at $35,000 after purchasing an additional 102 shares during the last quarter. Continuum Advisory LLC grew its holdings in Invesco Aerospace & Defense ETF by 47.6% in the third quarter. Continuum Advisory LLC now owns 465 shares of the company’s stock valued at $55,000 after purchasing an additional 150 shares during the last quarter. Assetmark Inc. acquired a new stake in Invesco Aerospace & Defense ETF in the third quarter valued at $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Invesco Aerospace & Defense ETF by 41.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 584 shares of the company’s stock valued at $67,000 after purchasing an additional 172 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Invesco Aerospace & Defense ETF stock opened at $114.26 on Thursday. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 27.08 and a beta of 0.95. Invesco Aerospace & Defense ETF has a fifty-two week low of $97.53 and a fifty-two week high of $124.89. The stock’s fifty day moving average is $117.52 and its two-hundred day moving average is $116.73.

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.