Cetera Investment Advisers Raises Holdings in Invesco Aerospace & Defense ETF $PPA

Cetera Investment Advisers boosted its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 15.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 352,527 shares of the company’s stock after purchasing an additional 47,060 shares during the quarter. Cetera Investment Advisers’ holdings in Invesco Aerospace & Defense ETF were worth $58,414,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in shares of Invesco Aerospace & Defense ETF in the fourth quarter worth about $1,919,000. Western Wealth Management LLC grew its stake in Invesco Aerospace & Defense ETF by 59.7% during the 4th quarter. Western Wealth Management LLC now owns 13,152 shares of the company’s stock valued at $2,060,000 after acquiring an additional 4,917 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in Invesco Aerospace & Defense ETF by 50.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 12,176 shares of the company’s stock valued at $1,907,000 after acquiring an additional 4,105 shares in the last quarter. Kovack Advisors Inc. grew its stake in Invesco Aerospace & Defense ETF by 964.9% during the 4th quarter. Kovack Advisors Inc. now owns 43,084 shares of the company’s stock valued at $6,748,000 after acquiring an additional 39,038 shares in the last quarter. Finally, Brookwood Investment Group LLC acquired a new stake in Invesco Aerospace & Defense ETF in the 4th quarter valued at about $535,000.

Invesco Aerospace & Defense ETF Price Performance

PPA opened at $175.26 on Friday. The company’s 50 day simple moving average is $173.11 and its two-hundred day simple moving average is $173.44. Invesco Aerospace & Defense ETF has a 1-year low of $142.07 and a 1-year high of $186.30. The firm has a market capitalization of $8.27 billion, a price-to-earnings 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.