Elm3 Financial Group LLC Invests $476,000 in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Elm3 Financial Group LLC acquired a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,153 shares of the company’s stock, valued at approximately $476,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PPA. Schmidt P J Investment Management Inc. boosted its position in Invesco Aerospace & Defense ETF by 16.9% during the 4th quarter. Schmidt P J Investment Management Inc. now owns 8,498 shares of the company’s stock worth $975,000 after acquiring an additional 1,227 shares during the period. Lion Street Advisors LLC lifted its holdings 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 period. Financial Partners Group Inc grew its position in 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 valued at $3,016,000 after buying an additional 5,277 shares in the last quarter. WFA Asset Management Corp increased its stake in Invesco Aerospace & Defense ETF by 351.4% during the 4th quarter. WFA Asset Management Corp now owns 1,133 shares of the company’s stock valued at $130,000 after buying an additional 882 shares during the period. Finally, U.S. Capital Wealth Advisors LLC raised its position in shares of Invesco Aerospace & Defense ETF by 21.6% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 4,198 shares of the company’s stock worth $482,000 after buying an additional 745 shares in the last quarter.

Invesco Aerospace & Defense ETF Trading Up 0.5 %

Shares of NYSEARCA:PPA opened at $120.92 on Thursday. The company has a 50 day moving average of $118.14 and a 200-day moving average of $115.23. The firm has a market cap of $3.77 billion, a P/E ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a twelve month low of $92.07 and a twelve month 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.