HighTower Advisors LLC Raises Stock Holdings in Invesco Aerospace & Defense ETF $PPA

HighTower Advisors LLC boosted its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 8.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 536,086 shares of the company’s stock after purchasing an additional 40,640 shares during the quarter. HighTower Advisors LLC owned about 1.23% of Invesco Aerospace & Defense ETF worth $83,338,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Benjamin Edwards Inc. raised its holdings in shares of Invesco Aerospace & Defense ETF by 1.2% in the third quarter. Benjamin Edwards Inc. now owns 5,724 shares of the company’s stock valued at $891,000 after buying an additional 69 shares during the last quarter. National Wealth Management Group LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 1.3% in the second quarter. National Wealth Management Group LLC now owns 5,445 shares of the company’s stock valued at $772,000 after purchasing an additional 71 shares during the period. Smith Moore & CO. raised its stake in shares of Invesco Aerospace & Defense ETF by 3.4% during the second quarter. Smith Moore & CO. now owns 2,347 shares of the company’s stock worth $333,000 after purchasing an additional 77 shares during the last quarter. Guardian Asset Advisors LLC raised its position in Invesco Aerospace & Defense ETF by 0.8% during the 2nd quarter. Guardian Asset Advisors LLC now owns 10,512 shares of the company’s stock worth $1,489,000 after buying an additional 79 shares during the last quarter. Finally, Fortis Capital Advisors LLC lifted its stake in shares of Invesco Aerospace & Defense ETF by 3.3% in the 3rd quarter. Fortis Capital Advisors LLC now owns 2,539 shares of the company’s stock worth $395,000 after acquiring an additional 81 shares during the period.

Invesco Aerospace & Defense ETF Stock Up 1.2%

NYSEARCA PPA opened at $176.10 on Monday. Invesco Aerospace & Defense ETF has a 52-week low of $100.39 and a 52-week high of $181.31. The firm has a 50-day moving average price of $167.14 and a 200 day moving average price of $156.79. The stock has a market capitalization of $7.89 billion, a P/E ratio of 30.91 and a beta of 0.87.

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. 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.