Invesco Aerospace & Defense ETF $PPA Shares Bought by Stegent Equity Advisors Inc.

Stegent Equity Advisors Inc. grew its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 146.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,189 shares of the company’s stock after buying an additional 7,238 shares during the quarter. Invesco Aerospace & Defense ETF comprises 1.5% of Stegent Equity Advisors Inc.’s investment portfolio, making the stock its 20th biggest holding. Stegent Equity Advisors Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $1,895,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PPA. Csenge Advisory Group acquired a new stake in Invesco Aerospace & Defense ETF in the third quarter valued at $341,000. Wilmington Savings Fund Society FSB lifted its stake in shares of Invesco Aerospace & Defense ETF by 92.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 2,533 shares of the company’s stock valued at $394,000 after purchasing an additional 1,218 shares during the period. Schmidt P J Investment Management Inc. lifted its stake in shares of Invesco Aerospace & Defense ETF by 80.6% in the third quarter. Schmidt P J Investment Management Inc. now owns 19,118 shares of the company’s stock valued at $2,972,000 after purchasing an additional 8,530 shares during the period. ORG Partners LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 29.9% during the 3rd quarter. ORG Partners LLC now owns 3,783 shares of the company’s stock valued at $588,000 after acquiring an additional 870 shares during the period. Finally, Benjamin Edwards Inc. boosted its stake in shares of Invesco Aerospace & Defense ETF by 1.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 5,724 shares of the company’s stock worth $891,000 after acquiring an additional 69 shares in the last quarter.

Invesco Aerospace & Defense ETF Price Performance

NYSEARCA PPA opened at $180.82 on Friday. The company has a market capitalization of $8.05 billion, a P/E ratio of 30.91 and a beta of 0.87. Invesco Aerospace & Defense ETF has a 1-year low of $100.39 and a 1-year high of $181.31. The business has a 50 day moving average price of $156.96 and a 200 day moving average price of $152.35.

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.