Detalus Advisors LLC Makes New Investment in Invesco Aerospace & Defense ETF $PPA

Detalus Advisors LLC bought a new stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,571 shares of the company’s stock, valued at approximately $4,441,000. Invesco Aerospace & Defense ETF accounts for about 1.1% of Detalus Advisors LLC’s portfolio, making the stock its 20th largest holding. Detalus Advisors LLC owned about 0.07% of Invesco Aerospace & Defense ETF at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in Invesco Aerospace & Defense ETF by 208.6% in the first quarter. Goldman Sachs Group Inc. now owns 30,874 shares of the company’s stock valued at $3,598,000 after purchasing an additional 20,869 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Invesco Aerospace & Defense ETF by 32.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,900 shares of the company’s stock worth $2,396,000 after buying an additional 4,106 shares during the last quarter. Norden Group LLC bought a new stake in shares of Invesco Aerospace & Defense ETF in the second quarter valued at $6,645,000. Meridian Financial LLC purchased a new position in shares of Invesco Aerospace & Defense ETF during the 2nd quarter valued at $213,000. Finally, Cadent Capital Advisors LLC bought a new position in shares of Invesco Aerospace & Defense ETF during the 2nd quarter worth $241,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA opened at $178.48 on Thursday. Invesco Aerospace & Defense ETF has a fifty-two week low of $100.39 and a fifty-two week high of $181.31. The business has a 50-day moving average of $158.41 and a 200 day moving average of $153.14. The firm has a market cap of $7.95 billion, a P/E ratio of 30.91 and a beta of 0.87.

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. 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.