Raymond James & Associates Acquires 4,601 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Raymond James & Associates lifted its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Get Rating) by 8.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,639 shares of the company’s stock after buying an additional 4,601 shares during the quarter. Raymond James & Associates owned about 0.26% of Invesco Aerospace & Defense ETF worth $4,440,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Clearstead Advisors LLC acquired a new position in Invesco Aerospace & Defense ETF during the 3rd quarter valued at about $27,000. Sargent Bickham Lagudis LLC raised its position in shares of Invesco Aerospace & Defense ETF by 102.1% in the 4th quarter. Sargent Bickham Lagudis LLC now owns 475 shares of the company’s stock valued at $37,000 after acquiring an additional 240 shares during the period. BDO Wealth Advisors LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF in the 4th quarter valued at approximately $47,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Invesco Aerospace & Defense ETF by 46.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 760 shares of the company’s stock valued at $60,000 after acquiring an additional 241 shares during the period. Finally, Red Tortoise LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF in the 4th quarter valued at approximately $62,000.

Invesco Aerospace & Defense ETF Price Performance

Shares of NYSEARCA:PPA opened at $79.00 on Wednesday. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 24.91 and a beta of 0.98. The firm’s 50 day simple moving average is $79.79 and its 200 day simple moving average is $79.40. Invesco Aerospace & Defense ETF has a fifty-two week low of $64.48 and a fifty-two week high of $82.61.

About Invesco Aerospace & Defense ETF

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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.