Envestnet Asset Management Inc. Grows Stock Holdings in Invesco Aerospace & Defense ETF $PPA

Envestnet Asset Management Inc. grew its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 11.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 191,031 shares of the company’s stock after buying an additional 19,472 shares during the period. Envestnet Asset Management Inc. owned 0.44% of Invesco Aerospace & Defense ETF worth $29,696,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Evolution Wealth Management Inc. purchased a new position in Invesco Aerospace & Defense ETF in the second quarter worth $26,000. Briaud Financial Planning Inc acquired a new stake in shares of Invesco Aerospace & Defense ETF in the 2nd quarter worth $27,000. Binnacle Investments Inc grew its stake in Invesco Aerospace & Defense ETF by 84.2% during the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock worth $30,000 after buying an additional 96 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in Invesco Aerospace & Defense ETF during the 2nd quarter worth $43,000. Finally, Rossmore Private Capital acquired a new position in Invesco Aerospace & Defense ETF during the 3rd quarter valued at about $54,000.

Invesco Aerospace & Defense ETF Stock Performance

Invesco Aerospace & Defense ETF stock opened at $173.98 on Friday. The stock has a market cap of $7.79 billion, a PE ratio of 30.91 and a beta of 0.87. The stock has a 50-day moving average of $166.63 and a two-hundred day moving average of $156.45. Invesco Aerospace & Defense ETF has a one year low of $100.39 and a one year high of $181.31.

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.