Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC boosted its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 106.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,055 shares of the company’s stock after purchasing an additional 4,155 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $924,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Howe & Rusling Inc. acquired a new stake in shares of Invesco Aerospace & Defense ETF in the 3rd quarter worth $27,000. Glass Jacobson Investment Advisors llc increased its stake in shares of Invesco Aerospace & Defense ETF by 50.5% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock worth $35,000 after acquiring an additional 102 shares during the last quarter. Eastern Bank acquired a new stake in shares of Invesco Aerospace & Defense ETF in the 3rd quarter worth $46,000. Assetmark Inc. acquired a new stake in shares of Invesco Aerospace & Defense ETF in the 3rd quarter worth $54,000. Finally, Continuum Advisory LLC increased its stake in shares of Invesco Aerospace & Defense ETF by 47.6% in the 3rd quarter. Continuum Advisory LLC now owns 465 shares of the company’s stock worth $55,000 after acquiring an additional 150 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Down 0.9 %

Shares of PPA opened at $119.18 on Wednesday. The stock has a fifty day simple moving average of $118.11 and a two-hundred day simple moving average of $114.68. The company has a market capitalization of $3.71 billion, a PE ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 52-week low of $90.67 and a 52-week high of $124.89.

Invesco Aerospace & Defense ETF Company 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.