Strategic Financial Concepts LLC Purchases Shares of 3,803 Invesco Aerospace & Defense ETF $PPA

Strategic Financial Concepts LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the fourth quarter, Holdings Channel reports. The fund purchased 3,803 shares of the company’s stock, valued at approximately $596,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in shares of Invesco Aerospace & Defense ETF by 2.3% during the 3rd quarter. Bank of America Corp DE now owns 7,668,214 shares of the company’s stock worth $1,192,024,000 after purchasing an additional 173,290 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco Aerospace & Defense ETF by 2,760.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,817,263 shares of the company’s stock worth $441,268,000 after purchasing an additional 2,718,777 shares in the last quarter. UBS Group AG boosted its position in shares of Invesco Aerospace & Defense ETF by 5.9% during the 3rd quarter. UBS Group AG now owns 825,841 shares of the company’s stock worth $128,377,000 after purchasing an additional 46,319 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Invesco Aerospace & Defense ETF by 8.2% during the 3rd quarter. HighTower Advisors LLC now owns 536,086 shares of the company’s stock worth $83,338,000 after purchasing an additional 40,640 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Invesco Aerospace & Defense ETF by 4.8% during the 3rd quarter. Raymond James Financial Inc. now owns 460,471 shares of the company’s stock worth $71,580,000 after purchasing an additional 20,948 shares in the last quarter.

Invesco Aerospace & Defense ETF Price Performance

PPA stock opened at $170.24 on Friday. The stock has a market capitalization of $8.14 billion, a PE ratio of 30.91 and a beta of 0.72. The company’s 50-day moving average is $170.08 and its 200-day moving average is $167.00. Invesco Aerospace & Defense ETF has a 1 year low of $128.11 and a 1 year high of $186.30.

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. 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.