Advyzon Investment Management LLC Invests $4.69 Million in Invesco Aerospace & Defense ETF $PPA

Advyzon Investment Management LLC acquired a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 30,158 shares of the company’s stock, valued at approximately $4,688,000. Invesco Aerospace & Defense ETF comprises about 0.8% of Advyzon Investment Management LLC’s investment portfolio, making the stock its 26th biggest position. Advyzon Investment Management LLC owned approximately 0.07% of Invesco Aerospace & Defense ETF as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of PPA. Evolution Wealth Management Inc. bought a new stake in Invesco Aerospace & Defense ETF during the second quarter valued at $26,000. BOK Financial Private Wealth Inc. raised its position in shares of Invesco Aerospace & Defense ETF by 84.2% in the 3rd quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock worth $27,000 after acquiring an additional 80 shares in the last quarter. Binnacle Investments Inc raised its position in shares of Invesco Aerospace & Defense ETF by 84.2% in the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock worth $30,000 after acquiring an additional 96 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Invesco Aerospace & Defense ETF in the 2nd quarter valued at about $43,000. Finally, Rossmore Private Capital acquired a new position in shares of Invesco Aerospace & Defense ETF in the 3rd quarter valued at about $54,000.

Invesco Aerospace & Defense ETF Price Performance

NYSEARCA PPA opened at $180.62 on Friday. The business has a 50 day simple moving average of $169.74 and a 200 day simple moving average of $157.78. Invesco Aerospace & Defense ETF has a one year low of $100.39 and a one year high of $182.44. The stock has a market capitalization of $8.09 billion, a P/E ratio of 30.91 and a beta of 0.87.

Invesco Aerospace & Defense ETF Profile

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.