Kovack Advisors Inc. Has $6.75 Million Position in Invesco Aerospace & Defense ETF $PPA

Kovack Advisors Inc. lifted its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 964.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,084 shares of the company’s stock after purchasing an additional 39,038 shares during the quarter. Kovack Advisors Inc. owned 0.10% of Invesco Aerospace & Defense ETF worth $6,748,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PPA. BOK Financial Private Wealth Inc. grew its holdings in shares of Invesco Aerospace & Defense ETF by 84.2% during the third quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock worth $27,000 after buying an additional 80 shares in the last quarter. eCIO Inc. bought a new position in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth about $28,000. EPG Wealth Management LLC bought a new position in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth about $31,000. Y.D. More Investments Ltd grew its holdings in shares of Invesco Aerospace & Defense ETF by 720.0% during the fourth quarter. Y.D. More Investments Ltd now owns 205 shares of the company’s stock worth $32,000 after buying an additional 180 shares in the last quarter. Finally, Binnacle Investments Inc grew its holdings in shares of Invesco Aerospace & Defense ETF by 84.2% during the second quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock worth $30,000 after buying an additional 96 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

NYSEARCA:PPA opened at $176.32 on Friday. The company has a market cap of $8.43 billion, a PE ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 52-week low of $133.95 and a 52-week high of $186.30. The stock has a 50-day simple moving average of $170.83 and a 200 day simple moving average of $169.17.

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.