Turn8 Private Wealth Inc. Invests $4.09 Million in Invesco Aerospace & Defense ETF $PPA

Turn8 Private Wealth Inc. purchased a new stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 24,694 shares of the company’s stock, valued at approximately $4,092,000. Invesco Aerospace & Defense ETF makes up 2.6% of Turn8 Private Wealth Inc.’s investment portfolio, making the stock its 19th largest position. Turn8 Private Wealth Inc. owned approximately 0.05% of Invesco Aerospace & Defense ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PPA. eCIO Inc. purchased a new position in Invesco Aerospace & Defense ETF in the 4th quarter valued at about $28,000. Binnacle Investments Inc increased its position 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 acquiring an additional 96 shares during the last quarter. EPG Wealth Management LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth about $31,000. Y.D. More Investments Ltd lifted its stake in shares of Invesco Aerospace & Defense ETF by 720.0% in the fourth quarter. Y.D. More Investments Ltd now owns 205 shares of the company’s stock worth $32,000 after acquiring an additional 180 shares in the last quarter. Finally, Bayban purchased a new position in Invesco Aerospace & Defense ETF in the fourth quarter valued at about $38,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA opened at $181.08 on Friday. Invesco Aerospace & Defense ETF has a one year low of $140.01 and a one year high of $186.30. The stock has a 50-day moving average price of $171.35 and a 200 day moving average price of $171.78. The company has a market capitalization of $8.97 billion, a P/E ratio of 30.91 and a beta of 0.73.

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.