Sowell Financial Services LLC Purchases 5,138 Shares of Invesco Aerospace & Defense ETF $PPA

Sowell Financial Services LLC lifted its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 20.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,288 shares of the company’s stock after buying an additional 5,138 shares during the quarter. Sowell Financial Services LLC owned about 0.07% of Invesco Aerospace & Defense ETF worth $4,744,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. BOK Financial Private Wealth Inc. raised its stake in 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 purchasing an additional 80 shares in the last quarter. eCIO Inc. bought a new stake in Invesco Aerospace & Defense ETF in the 4th quarter valued at about $28,000. Evolution Wealth Management Inc. acquired a new position in shares of Invesco Aerospace & Defense ETF during the 2nd quarter worth approximately $26,000. Binnacle Investments Inc grew its position in shares of 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 purchasing an additional 96 shares in the last quarter. Finally, Avalon Trust Co bought a new position in shares of Invesco Aerospace & Defense ETF during the third quarter worth approximately $47,000.

Invesco Aerospace & Defense ETF Stock Performance

NYSEARCA PPA opened at $169.68 on Monday. Invesco Aerospace & Defense ETF has a 1-year low of $100.39 and a 1-year high of $186.30. The company has a 50 day moving average of $175.14 and a 200-day moving average of $163.65. The company has a market cap of $8.04 billion, a price-to-earnings 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.