BIP Wealth LLC Invests $1.04 Million in Invesco Aerospace & Defense ETF $PPA

BIP Wealth LLC bought a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,633 shares of the company’s stock, valued at approximately $1,039,000.

Several other large investors have also made changes to their positions in the business. Flagship Harbor Advisors LLC raised its stake in shares of Invesco Aerospace & Defense ETF by 5.0% during the 4th quarter. Flagship Harbor Advisors LLC now owns 37,387 shares of the company’s stock worth $5,856,000 after buying an additional 1,792 shares during the period. Sound Income Strategies LLC raised its stake in shares of Invesco Aerospace & Defense ETF by 500.2% during the 4th quarter. Sound Income Strategies LLC now owns 2,725 shares of the company’s stock worth $427,000 after buying an additional 2,271 shares during the period. Y.D. More Investments Ltd raised its stake in shares of Invesco Aerospace & Defense ETF by 720.0% during the 4th quarter. Y.D. More Investments Ltd now owns 205 shares of the company’s stock worth $32,000 after buying an additional 180 shares during the period. Blue Zone Wealth Advisors LLC raised its stake in shares of Invesco Aerospace & Defense ETF by 42.2% during the 4th quarter. Blue Zone Wealth Advisors LLC now owns 4,643 shares of the company’s stock worth $727,000 after buying an additional 1,379 shares during the period. Finally, Leo Wealth LLC acquired a new position in shares of Invesco Aerospace & Defense ETF during the 4th quarter worth approximately $268,000.

Invesco Aerospace & Defense ETF Price Performance

Shares of PPA stock opened at $176.28 on Thursday. Invesco Aerospace & Defense ETF has a 1-year low of $104.65 and a 1-year high of $186.30. The stock has a 50 day simple moving average of $174.92 and a 200-day simple moving average of $164.01. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 30.91 and a beta of 0.83.

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.