Truist Financial Corp Purchases 21,284 Shares of Invesco Aerospace & Defense ETF $PPA

Truist Financial Corp increased its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 15.2% in the third quarter, HoldingsChannel reports. The fund owned 161,677 shares of the company’s stock after purchasing an additional 21,284 shares during the period. Truist Financial Corp’s holdings in Invesco Aerospace & Defense ETF were worth $25,133,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Fortis Capital Advisors LLC boosted its holdings in Invesco Aerospace & Defense ETF by 3.3% in the third quarter. Fortis Capital Advisors LLC now owns 2,539 shares of the company’s stock valued at $395,000 after acquiring an additional 81 shares in the last quarter. National Wealth Management Group LLC grew its holdings in shares of Invesco Aerospace & Defense ETF by 14.9% during the third quarter. National Wealth Management Group LLC now owns 6,254 shares of the company’s stock valued at $972,000 after buying an additional 809 shares during the last quarter. Sovran Advisors LLC raised its position in Invesco Aerospace & Defense ETF by 3.1% in the 3rd quarter. Sovran Advisors LLC now owns 14,069 shares of the company’s stock worth $2,211,000 after buying an additional 419 shares during the last quarter. Seelaus Asset Management LLC bought a new position in Invesco Aerospace & Defense ETF during the 3rd quarter valued at about $237,000. Finally, PFG Investments LLC boosted its holdings in Invesco Aerospace & Defense ETF by 24.6% in the third quarter. PFG Investments LLC now owns 2,914 shares of the company’s stock worth $453,000 after purchasing an additional 575 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of PPA opened at $174.58 on Friday. The firm has a market capitalization of $7.78 billion, a P/E ratio of 30.91 and a beta of 0.87. Invesco Aerospace & Defense ETF has a one year low of $100.39 and a one year high of $181.31. The business has a fifty day moving average of $162.25 and a 200 day moving average of $154.69.

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.