Mirae Asset Global Investments Co. Ltd. Buys 98,597 Shares of Invesco Aerospace & Defense ETF $PPA

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 66.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 246,697 shares of the company’s stock after buying an additional 98,597 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Invesco Aerospace & Defense ETF were worth $38,349,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PPA. Goldman Sachs Group Inc. increased its position in Invesco Aerospace & Defense ETF by 208.6% during the first quarter. Goldman Sachs Group Inc. now owns 30,874 shares of the company’s stock valued at $3,598,000 after acquiring an additional 20,869 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 12.3% in the second quarter. Janney Montgomery Scott LLC now owns 31,829 shares of the company’s stock worth $4,510,000 after buying an additional 3,496 shares during the last quarter. HCR Wealth Advisors purchased a new position in shares of Invesco Aerospace & Defense ETF in the second quarter worth approximately $209,000. XML Financial LLC grew its position in Invesco Aerospace & Defense ETF by 11.7% during the second quarter. XML Financial LLC now owns 2,776 shares of the company’s stock valued at $393,000 after buying an additional 290 shares during the period. Finally, Truist Financial Corp increased its holdings in Invesco Aerospace & Defense ETF by 14.7% during the second quarter. Truist Financial Corp now owns 140,393 shares of the company’s stock valued at $19,892,000 after buying an additional 17,993 shares during the last quarter.

Invesco Aerospace & Defense ETF Trading Down 1.3%

PPA opened at $175.74 on Thursday. The firm’s 50 day simple moving average is $161.10 and its two-hundred day simple moving average is $154.34. The company has a market capitalization of $7.80 billion, a PE 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.

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.