Prasad Wealth Partners LLC Takes Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Prasad Wealth Partners LLC acquired a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 59,514 shares of the company’s stock, valued at approximately $6,828,000. Invesco Aerospace & Defense ETF accounts for about 2.2% of Prasad Wealth Partners LLC’s portfolio, making the stock its 20th largest position. Prasad Wealth Partners LLC owned about 0.19% of Invesco Aerospace & Defense ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of PPA. Creative Planning boosted its holdings in shares of Invesco Aerospace & Defense ETF by 305.2% during the 3rd quarter. Creative Planning now owns 15,606 shares of the company’s stock worth $1,794,000 after buying an additional 11,755 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 10,225.1% during the 3rd quarter. International Assets Investment Management LLC now owns 278,674 shares of the company’s stock worth $32,039,000 after buying an additional 275,975 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Invesco Aerospace & Defense ETF during the 3rd quarter worth about $9,263,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 44.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,796 shares of the company’s stock worth $666,000 after buying an additional 1,782 shares during the period. Finally, Gateway Wealth Partners LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 5.0% during the 3rd quarter. Gateway Wealth Partners LLC now owns 3,225 shares of the company’s stock worth $371,000 after buying an additional 155 shares during the period.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA stock opened at $114.00 on Tuesday. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 27.41 and a beta of 0.96. The company has a 50-day simple moving average of $117.72 and a 200 day simple moving average of $116.33. Invesco Aerospace & Defense ETF has a 52 week low of $96.25 and a 52 week high of $124.89.

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.