Invesco Aerospace & Defense ETF $PPA Stock: Turn8 Private Wealth Inc. Raises Stake

Turn8 Private Wealth Inc. lifted its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 15.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,391 shares of the company’s stock after acquiring an additional 3,197 shares during the quarter. Invesco Aerospace & Defense ETF makes up approximately 2.6% of Turn8 Private Wealth Inc.’s holdings, making the stock its 20th biggest holding. Turn8 Private Wealth Inc. owned about 0.05% of Invesco Aerospace & Defense ETF worth $3,771,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PPA. Moneco Advisors LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 6.4% in the third quarter. Moneco Advisors LLC now owns 23,608 shares of the company’s stock valued at $3,650,000 after purchasing an additional 1,426 shares during the period. Cpwa LLC grew its stake in Invesco Aerospace & Defense ETF by 8.5% in the third quarter. Cpwa LLC now owns 2,426 shares of the company’s stock worth $375,000 after purchasing an additional 190 shares in the last quarter. Brighton Jones LLC bought a new position in Invesco Aerospace & Defense ETF in the third quarter worth approximately $235,000. Madrid Financial Services purchased a new position in Invesco Aerospace & Defense ETF during the 3rd quarter worth $7,705,000. Finally, StoneX Group Inc. increased its holdings in Invesco Aerospace & Defense ETF by 7.1% during the 3rd quarter. StoneX Group Inc. now owns 31,305 shares of the company’s stock worth $4,840,000 after purchasing an additional 2,068 shares during the period.

Invesco Aerospace & Defense ETF Stock Up 1.0%

Shares of NYSEARCA PPA opened at $160.88 on Wednesday. The business has a fifty day simple moving average of $158.07 and a two-hundred day simple moving average of $170.08. The firm has a market cap of $7.61 billion, a PE ratio of 26.95 and a beta of 0.76. Invesco Aerospace & Defense ETF has a twelve month low of $144.29 and a twelve month 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.