GAMMA Investing LLC Invests $39,000 in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

GAMMA Investing LLC bought a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the 4th quarter, HoldingsChannel reports. The fund bought 425 shares of the company’s stock, valued at approximately $39,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Tyler Stone Wealth Management boosted its holdings in shares of Invesco Aerospace & Defense ETF by 18.4% in the third quarter. Tyler Stone Wealth Management now owns 779 shares of the company’s stock valued at $62,000 after acquiring an additional 121 shares in the last quarter. Simplex Trading LLC raised its stake in shares of Invesco Aerospace & Defense ETF by 52.7% in the 3rd quarter. Simplex Trading LLC now owns 403 shares of the company’s stock worth $32,000 after buying an additional 139 shares in the last quarter. Total Clarity Wealth Management Inc. lifted its holdings in shares of Invesco Aerospace & Defense ETF by 4.1% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 4,710 shares of the company’s stock valued at $434,000 after buying an additional 184 shares during the period. Allworth Financial LP boosted its stake in Invesco Aerospace & Defense ETF by 13.4% during the fourth quarter. Allworth Financial LP now owns 1,692 shares of the company’s stock valued at $156,000 after buying an additional 200 shares in the last quarter. Finally, Financial Advocates Investment Management grew its holdings in Invesco Aerospace & Defense ETF by 1.7% during the third quarter. Financial Advocates Investment Management now owns 14,014 shares of the company’s stock worth $1,118,000 after acquiring an additional 235 shares during the period.

Invesco Aerospace & Defense ETF Trading Up 0.6 %

Shares of Invesco Aerospace & Defense ETF stock opened at $102.93 on Friday. Invesco Aerospace & Defense ETF has a 52 week low of $77.17 and a 52 week high of $103.26. The company’s 50-day moving average price is $99.69 and its two-hundred day moving average price is $92.77. The stock has a market cap of $3.12 billion, a PE ratio of 32.60 and a beta of 0.74.

About Invesco Aerospace & Defense ETF

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.