United Asset Strategies Inc. Has $4.17 Million Stock Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

United Asset Strategies Inc. lifted its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 1,396.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,259 shares of the company’s stock after purchasing an additional 42,235 shares during the period. United Asset Strategies Inc. owned 0.19% of Invesco Aerospace & Defense ETF worth $4,171,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PPA. Simplex Trading LLC lifted its holdings in Invesco Aerospace & Defense ETF by 52.7% during the 3rd quarter. Simplex Trading LLC now owns 403 shares of the company’s stock valued at $32,000 after purchasing an additional 139 shares during the last quarter. Clearstead Advisors LLC bought a new position in shares of Invesco Aerospace & Defense ETF in the third quarter valued at about $27,000. Blair William & Co. IL lifted its stake in shares of Invesco Aerospace & Defense ETF by 468.8% during the 1st quarter. Blair William & Co. IL now owns 455 shares of the company’s stock worth $37,000 after buying an additional 375 shares during the last quarter. Westside Investment Management Inc. bought a new stake in shares of Invesco Aerospace & Defense ETF during the 1st quarter worth about $40,000. Finally, Tyler Stone Wealth Management bought a new stake in shares of Invesco Aerospace & Defense ETF during the 2nd quarter worth about $56,000.

Invesco Aerospace & Defense ETF Trading Up 0.4 %

PPA stock traded up $0.35 during mid-day trading on Tuesday, hitting $98.70. 72,003 shares of the company were exchanged, compared to its average volume of 158,935. Invesco Aerospace & Defense ETF has a 1-year low of $77.17 and a 1-year high of $102.00. The stock has a market capitalization of $2.94 billion, a PE ratio of 32.35 and a beta of 0.76. The business has a 50 day simple moving average of $98.15 and a 200-day simple moving average of $90.95.

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.