Florida Financial Advisors LLC Has $1.18 Million Stake in Invesco Aerospace & Defense ETF $PPA

Florida Financial Advisors LLC lifted its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 72.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,094 shares of the company’s stock after buying an additional 2,988 shares during the quarter. Florida Financial Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $1,176,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in shares of Invesco Aerospace & Defense ETF by 208.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,874 shares of the company’s stock worth $3,598,000 after purchasing an additional 20,869 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Invesco Aerospace & Defense ETF by 14.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 38,989 shares of the company’s stock valued at $5,524,000 after purchasing an additional 4,915 shares during the last quarter. Walleye Capital LLC bought a new stake in Invesco Aerospace & Defense ETF in the second quarter worth $318,000. Cerity Partners LLC boosted its holdings in Invesco Aerospace & Defense ETF by 24.6% in the second quarter. Cerity Partners LLC now owns 23,863 shares of the company’s stock worth $3,384,000 after purchasing an additional 4,706 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in Invesco Aerospace & Defense ETF by 19.9% during the second quarter. Qube Research & Technologies Ltd now owns 19,844 shares of the company’s stock worth $2,812,000 after buying an additional 3,294 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

NYSEARCA PPA opened at $167.83 on Tuesday. Invesco Aerospace & Defense ETF has a fifty-two week low of $142.07 and a fifty-two week high of $186.30. The stock’s 50-day moving average is $172.81 and its two-hundred day moving average is $173.15. The firm has a market cap of $7.92 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.