RM Financial Services LLC Invests $4.79 Million in Invesco Aerospace & Defense ETF $PPA

RM Financial Services LLC acquired a new position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 30,598 shares of the company’s stock, valued at approximately $4,793,000. Invesco Aerospace & Defense ETF makes up about 4.3% of RM Financial Services LLC’s investment portfolio, making the stock its 6th largest holding. RM Financial Services LLC owned about 0.07% of Invesco Aerospace & Defense ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. boosted its position in Invesco Aerospace & Defense ETF by 84.2% in the third quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock worth $27,000 after purchasing an additional 80 shares during the last quarter. eCIO Inc. purchased a new stake in shares of Invesco Aerospace & Defense ETF during the 4th quarter valued at $28,000. EPG Wealth Management LLC bought a new stake in shares of Invesco Aerospace & Defense ETF during the 4th quarter worth $31,000. Y.D. More Investments Ltd raised its stake in shares of Invesco Aerospace & Defense ETF by 720.0% during the 4th quarter. Y.D. More Investments Ltd now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 180 shares during the period. Finally, Binnacle Investments Inc boosted its holdings in shares of Invesco Aerospace & Defense ETF by 84.2% in the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock worth $30,000 after buying an additional 96 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

PPA opened at $167.62 on Thursday. Invesco Aerospace & Defense ETF has a fifty-two week low of $132.54 and a fifty-two week high of $186.30. The firm has a 50-day moving average of $170.62 and a 200 day moving average of $168.96. The firm has a market cap of $8.02 billion, a P/E ratio of 30.91 and a beta of 0.73.

Invesco Aerospace & Defense ETF Company 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.