Beacon Pointe Advisors LLC Purchases 6,550 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Beacon Pointe Advisors LLC grew its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 13.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,420 shares of the company’s stock after purchasing an additional 6,550 shares during the period. Beacon Pointe Advisors LLC owned approximately 0.24% of Invesco Aerospace & Defense ETF worth $5,200,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Simplex Trading LLC boosted its position in Invesco Aerospace & Defense ETF by 52.7% during the third quarter. Simplex Trading LLC now owns 403 shares of the company’s stock valued at $32,000 after purchasing an additional 139 shares during the last quarter. GAMMA Investing LLC acquired a new position in Invesco Aerospace & Defense ETF during the fourth quarter worth $39,000. Tyler Stone Wealth Management raised its position in Invesco Aerospace & Defense ETF by 18.4% during the third quarter. Tyler Stone Wealth Management now owns 779 shares of the company’s stock worth $62,000 after acquiring an additional 121 shares in the last quarter. WealthShield Partners LLC acquired a new stake in Invesco Aerospace & Defense ETF in the fourth quarter valued at $79,000. Finally, Ancora Advisors LLC grew its position in shares of Invesco Aerospace & Defense ETF by 40.1% in the 3rd quarter. Ancora Advisors LLC now owns 874 shares of the company’s stock valued at $70,000 after acquiring an additional 250 shares during the period.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA stock opened at $105.04 on Friday. Invesco Aerospace & Defense ETF has a 52-week low of $77.17 and a 52-week high of $105.44. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73. The firm’s 50-day moving average is $100.92 and its 200-day moving average is $94.34.

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.