Fischer Investment Strategies LLC Makes New Investment in Invesco Aerospace & Defense ETF $PPA

Fischer Investment Strategies LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the first quarter, Holdings Channel reports. The firm acquired 33,127 shares of the company’s stock, valued at approximately $5,489,000. Invesco Aerospace & Defense ETF accounts for approximately 3.2% of Fischer Investment Strategies LLC’s holdings, making the stock its 8th largest position.

Several other large investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its position in shares of Invesco Aerospace & Defense ETF by 208.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,874 shares of the company’s stock worth $3,598,000 after buying an additional 20,869 shares during the period. JPMorgan Chase & Co. grew its position in Invesco Aerospace & Defense ETF by 14.4% in the second quarter. JPMorgan Chase & Co. now owns 38,989 shares of the company’s stock valued at $5,524,000 after acquiring an additional 4,915 shares during the period. Walleye Capital LLC bought a new stake in Invesco Aerospace & Defense ETF in the second quarter valued at $318,000. Cerity Partners LLC grew its position in Invesco Aerospace & Defense ETF by 24.6% in the second quarter. Cerity Partners LLC now owns 23,863 shares of the company’s stock valued at $3,384,000 after acquiring an additional 4,706 shares during the period. Finally, Qube Research & Technologies Ltd raised its stake in Invesco Aerospace & Defense ETF by 19.9% during the second quarter. Qube Research & Technologies Ltd now owns 19,844 shares of the company’s stock worth $2,812,000 after acquiring an additional 3,294 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA PPA opened at $174.44 on Friday. The stock has a market cap of $8.26 billion, a PE ratio of 30.91 and a beta of 0.73. The business has a fifty day moving average of $173.81 and a two-hundred day moving average of $173.68. Invesco Aerospace & Defense ETF has a 52-week low of $142.07 and a 52-week high of $186.30.

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.