Sovran Advisors LLC Makes New Investment in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Sovran Advisors LLC purchased a new position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the fourth quarter, Holdings Channel.com reports. The firm purchased 12,262 shares of the company’s stock, valued at approximately $1,436,000.

Several other hedge funds and other institutional investors have also modified their holdings of PPA. Valley Brook Capital Group Inc. raised its position in shares of Invesco Aerospace & Defense ETF by 3.3% in the third quarter. Valley Brook Capital Group Inc. now owns 2,781 shares of the company’s stock valued at $320,000 after purchasing an additional 90 shares during the period. XML Financial LLC raised its position in Invesco Aerospace & Defense ETF by 3.0% in the 3rd quarter. XML Financial LLC now owns 3,205 shares of the company’s stock worth $368,000 after purchasing an additional 92 shares during the last quarter. Carr Financial Group Corp raised its stake in shares of Invesco Aerospace & Defense ETF by 1.1% during the third quarter. Carr Financial Group Corp now owns 9,650 shares of the company’s stock worth $1,109,000 after buying an additional 102 shares during the last quarter. Glass Jacobson Investment Advisors llc increased its stake in Invesco Aerospace & Defense ETF by 50.5% in the third quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock valued at $35,000 after purchasing an additional 102 shares in the last quarter. Finally, National Wealth Management Group LLC increased its stake in Invesco Aerospace & Defense ETF by 2.2% during the 3rd quarter. National Wealth Management Group LLC now owns 5,393 shares of the company’s stock worth $620,000 after purchasing an additional 116 shares in the last quarter.

Invesco Aerospace & Defense ETF Trading Up 0.6 %

Shares of PPA stock opened at $120.51 on Tuesday. The firm’s fifty day moving average price is $118.10 and its two-hundred day moving average price is $115.48. Invesco Aerospace & Defense ETF has a 1 year low of $92.93 and a 1 year high of $124.89. The firm has a market capitalization of $3.75 billion, a P/E ratio of 33.87 and a beta of 0.73.

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.