Y Intercept Hong Kong Ltd Buys New Stake in Invesco Aerospace & Defense ETF $PPA

Y Intercept Hong Kong Ltd purchased a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,720 shares of the company’s stock, valued at approximately $1,611,000.

Several other hedge funds also recently added to or reduced their stakes in PPA. eCIO Inc. acquired a new position in shares of Invesco Aerospace & Defense ETF in the 4th quarter valued at $28,000. EPG Wealth Management LLC acquired a new stake in Invesco Aerospace & Defense ETF during the 4th quarter worth $31,000. Y.D. More Investments Ltd raised its stake in Invesco Aerospace & Defense ETF by 720.0% during the 4th quarter. Y.D. More Investments Ltd now owns 205 shares of the company’s stock worth $32,000 after acquiring an additional 180 shares in the last quarter. Binnacle Investments Inc lifted its position in Invesco Aerospace & Defense ETF by 84.2% in the second quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock valued at $30,000 after acquiring an additional 96 shares during the last quarter. Finally, Bayban purchased a new stake in Invesco Aerospace & Defense ETF in the fourth quarter valued at $38,000.

Invesco Aerospace & Defense ETF Stock Down 0.3%

Shares of NYSEARCA PPA opened at $174.92 on Friday. The business has a 50-day moving average price of $172.26 and a 200 day moving average price of $172.59. The stock has a market cap of $8.25 billion, a PE ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 52-week low of $141.36 and a 52-week high of $186.30.

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.