First Heartland Consultants Inc. Boosts Stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

First Heartland Consultants Inc. lifted its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 7.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,438 shares of the company’s stock after purchasing an additional 501 shares during the quarter. First Heartland Consultants Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $853,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PPA. Raymond James Financial Inc. acquired a new position in Invesco Aerospace & Defense ETF in the fourth quarter valued at about $63,049,000. Intellus Advisors LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF in the 4th quarter valued at approximately $7,583,000. Adapt Wealth Advisors LLC acquired a new position in shares of Invesco Aerospace & Defense ETF in the 4th quarter worth approximately $7,190,000. Focus Partners Wealth boosted its position in shares of Invesco Aerospace & Defense ETF by 145.9% during the 4th quarter. Focus Partners Wealth now owns 100,899 shares of the company’s stock worth $11,576,000 after purchasing an additional 59,867 shares during the period. Finally, Prasad Wealth Partners LLC acquired a new stake in Invesco Aerospace & Defense ETF in the 4th quarter valued at approximately $6,828,000.

Invesco Aerospace & Defense ETF Stock Down 1.6%

Shares of NYSEARCA PPA opened at $130.21 on Thursday. The business’s 50 day moving average is $119.51 and its two-hundred day moving average is $118.49. Invesco Aerospace & Defense ETF has a 52-week low of $100.39 and a 52-week high of $133.36. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 29.16 and a beta of 0.84.

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.