Harbour Wealth Management Group Inc. Invests $3.33 Million in Invesco Aerospace & Defense ETF $PPA

Harbour Wealth Management Group Inc. bought a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the fourth quarter, Holdings Channel reports. The institutional investor bought 21,240 shares of the company’s stock, valued at approximately $3,327,000. Invesco Aerospace & Defense ETF accounts for approximately 2.6% of Harbour Wealth Management Group Inc.’s investment portfolio, making the stock its 12th largest position.

Several other institutional investors have also recently added to or reduced their stakes in PPA. BOK Financial Private Wealth Inc. boosted its position in Invesco Aerospace & Defense ETF by 84.2% in the third quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock valued at $27,000 after buying an additional 80 shares in the last quarter. eCIO Inc. acquired a new stake in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth approximately $28,000. Binnacle Investments Inc raised its stake in shares of Invesco Aerospace & Defense ETF by 84.2% in the second quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock valued at $30,000 after acquiring an additional 96 shares during the last quarter. EPG Wealth Management LLC bought a new position in shares of Invesco Aerospace & Defense ETF in the fourth quarter valued at approximately $31,000. Finally, Y.D. More Investments Ltd boosted its holdings in shares of Invesco Aerospace & Defense ETF by 720.0% in the 4th quarter. Y.D. More Investments Ltd now owns 205 shares of the company’s stock worth $32,000 after acquiring an additional 180 shares in the last quarter.

Invesco Aerospace & Defense ETF Price Performance

NYSEARCA PPA opened at $175.31 on Friday. The firm has a market cap of $8.38 billion, a PE ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a one year low of $133.95 and a one year high of $186.30. The stock’s 50 day simple moving average is $171.40 and its 200 day simple moving average is $170.10.

About Invesco Aerospace & Defense ETF

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.