Spinnaker Investment Group LLC Invests $533,000 in Invesco Aerospace & Defense ETF $PPA

Spinnaker Investment Group LLC acquired a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,400 shares of the company’s stock, valued at approximately $533,000.

Several other hedge funds have also added to or reduced their stakes in the business. Bank of America Corp DE grew its position in shares of Invesco Aerospace & Defense ETF by 2.3% in the 3rd quarter. Bank of America Corp DE now owns 7,668,214 shares of the company’s stock valued at $1,192,024,000 after buying an additional 173,290 shares during the last quarter. UBS Group AG raised its position in shares of Invesco Aerospace & Defense ETF by 5.9% during the third quarter. UBS Group AG now owns 825,841 shares of the company’s stock worth $128,377,000 after acquiring an additional 46,319 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Invesco Aerospace & Defense ETF by 8.2% during the third quarter. HighTower Advisors LLC now owns 536,086 shares of the company’s stock worth $83,338,000 after acquiring an additional 40,640 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Invesco Aerospace & Defense ETF by 4.8% in the third quarter. Raymond James Financial Inc. now owns 460,471 shares of the company’s stock worth $71,580,000 after acquiring an additional 20,948 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Invesco Aerospace & Defense ETF by 43.6% in the third quarter. Ameriprise Financial Inc. now owns 400,922 shares of the company’s stock valued at $62,303,000 after acquiring an additional 121,776 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

NYSEARCA:PPA opened at $168.78 on Wednesday. The company has a market capitalization of $7.56 billion, a PE ratio of 30.91 and a beta of 0.87. The company has a 50 day simple moving average of $176.92 and a two-hundred day simple moving average of $162.62. Invesco Aerospace & Defense ETF has a fifty-two week low of $100.39 and a fifty-two 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.