Invesco Aerospace & Defense ETF $PPA Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 20.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,559 shares of the company’s stock after acquiring an additional 29,528 shares during the period. Envestnet Asset Management Inc. owned approximately 0.42% of Invesco Aerospace & Defense ETF worth $24,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PPA. Brookstone Capital Management raised its stake in Invesco Aerospace & Defense ETF by 14.6% in the 1st quarter. Brookstone Capital Management now owns 14,371 shares of the company’s stock worth $1,675,000 after acquiring an additional 1,834 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in Invesco Aerospace & Defense ETF in the 1st quarter worth $423,000. Penserra Capital Management LLC purchased a new position in Invesco Aerospace & Defense ETF in the 1st quarter worth $3,825,000. Brown Advisory Inc. purchased a new position in Invesco Aerospace & Defense ETF in the 1st quarter worth $379,000. Finally, Stratos Investment Management LLC purchased a new position in Invesco Aerospace & Defense ETF in the 1st quarter worth $1,499,000.

Invesco Aerospace & Defense ETF Price Performance

Shares of PPA stock opened at $157.76 on Tuesday. The business has a fifty day moving average of $153.03 and a 200 day moving average of $142.41. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 30.91 and a beta of 0.87. Invesco Aerospace & Defense ETF has a 1 year low of $100.39 and a 1 year high of $160.37.

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.