Savvy Advisors Inc. Takes Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Savvy Advisors Inc. acquired a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,836 shares of the company’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Runnymede Capital Advisors Inc. acquired a new position in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Invesco Aerospace & Defense ETF by 41.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 584 shares of the company’s stock worth $67,000 after acquiring an additional 172 shares during the last quarter. Assetmark Inc. increased its holdings in Invesco Aerospace & Defense ETF by 29.9% in the 4th quarter. Assetmark Inc. now owns 608 shares of the company’s stock worth $70,000 after purchasing an additional 140 shares in the last quarter. Newbridge Financial Services Group Inc. raised its position in Invesco Aerospace & Defense ETF by 29.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 637 shares of the company’s stock valued at $73,000 after purchasing an additional 146 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Invesco Aerospace & Defense ETF by 15.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 639 shares of the company’s stock valued at $74,000 after purchasing an additional 87 shares in the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Invesco Aerospace & Defense ETF stock opened at $116.45 on Wednesday. The business has a 50 day moving average of $115.77 and a 200-day moving average of $117.30. The company has a market capitalization of $4.53 billion, a P/E ratio of 27.45 and a beta of 0.82. Invesco Aerospace & Defense ETF has a 1 year low of $97.64 and a 1 year high of $124.89.

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.