International Assets Investment Management LLC Acquires 291,573 Shares of Invesco Aerospace & Defense ETF $PPA

International Assets Investment Management LLC raised its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 3,460.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 300,000 shares of the company’s stock after acquiring an additional 291,573 shares during the quarter. International Assets Investment Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $46,386,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Kestra Advisory Services LLC lifted its position in Invesco Aerospace & Defense ETF by 136.8% during the first quarter. Kestra Advisory Services LLC now owns 153,727 shares of the company’s stock valued at $25,473,000 after purchasing an additional 88,795 shares during the last quarter. Assetmark Inc. raised its holdings in Invesco Aerospace & Defense ETF by 8,939.8% during the 1st quarter. Assetmark Inc. now owns 68,974 shares of the company’s stock valued at $11,429,000 after buying an additional 68,211 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Invesco Aerospace & Defense ETF by 15.4% during the first quarter. Cetera Investment Advisers now owns 352,527 shares of the company’s stock worth $58,414,000 after purchasing an additional 47,060 shares during the period. Private Advisor Group LLC lifted its holdings in Invesco Aerospace & Defense ETF by 49.5% in the 1st quarter. Private Advisor Group LLC now owns 115,401 shares of the company’s stock worth $19,122,000 after buying an additional 38,226 shares during the period. Finally, Modern Wealth Management LLC lifted its stake in Invesco Aerospace & Defense ETF by 39.3% in the first quarter. Modern Wealth Management LLC now owns 125,622 shares of the company’s stock worth $21,313,000 after acquiring an additional 35,466 shares during the period.

Invesco Aerospace & Defense ETF Trading Down 2.2%

Shares of PPA opened at $158.65 on Friday. The firm’s 50-day moving average price is $159.91 and its 200-day moving average price is $170.78. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 30.91 and a beta of 0.75. Invesco Aerospace & Defense ETF has a 1-year low of $144.29 and a 1-year 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.