Invesco Aerospace & Defense ETF $PPA Shares Acquired by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. grew its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,625 shares of the company’s stock after buying an additional 4,664 shares during the period. Valley Wealth Managers Inc. owned 0.16% of Invesco Aerospace & Defense ETF worth $10,905,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Goldman Sachs Group Inc. increased its position in shares of Invesco Aerospace & Defense ETF by 208.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,874 shares of the company’s stock valued at $3,598,000 after acquiring an additional 20,869 shares during the period. JPMorgan Chase & Co. lifted its position in Invesco Aerospace & Defense ETF by 14.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 38,989 shares of the company’s stock worth $5,524,000 after acquiring an additional 4,915 shares during the period. Walleye Capital LLC acquired a new stake in Invesco Aerospace & Defense ETF during the 2nd quarter worth about $318,000. Cerity Partners LLC grew its stake in Invesco Aerospace & Defense ETF by 24.6% during the 2nd quarter. Cerity Partners LLC now owns 23,863 shares of the company’s stock valued at $3,384,000 after purchasing an additional 4,706 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Invesco Aerospace & Defense ETF by 19.9% in the second quarter. Qube Research & Technologies Ltd now owns 19,844 shares of the company’s stock valued at $2,812,000 after purchasing an additional 3,294 shares during the period.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA stock opened at $169.44 on Tuesday. Invesco Aerospace & Defense ETF has a fifty-two week low of $126.19 and a fifty-two week high of $186.30. The firm has a market capitalization of $8.10 billion, a PE ratio of 30.91 and a beta of 0.72. The stock’s 50-day simple moving average is $172.47 and its 200-day simple moving average is $166.43.

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. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.