Holderness Investments Co. Makes New Investment in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Holderness Investments Co. purchased a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,238 shares of the company’s stock, valued at approximately $257,000.

A number of other large investors also recently added to or reduced their stakes in the company. Howe & Rusling Inc. purchased a new position in Invesco Aerospace & Defense ETF in the third quarter valued at $27,000. Glass Jacobson Investment Advisors llc increased its position in Invesco Aerospace & Defense ETF by 50.5% during the third quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock worth $35,000 after buying an additional 102 shares during the period. Continuum Advisory LLC raised its position in Invesco Aerospace & Defense ETF by 47.6% in the 3rd quarter. Continuum Advisory LLC now owns 465 shares of the company’s stock valued at $55,000 after purchasing an additional 150 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Invesco Aerospace & Defense ETF by 41.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 584 shares of the company’s stock valued at $67,000 after buying an additional 172 shares during the last quarter. Finally, Assetmark Inc. raised its stake in Invesco Aerospace & Defense ETF by 29.9% during the 4th quarter. Assetmark Inc. now owns 608 shares of the company’s stock valued at $70,000 after acquiring an additional 140 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of NYSEARCA PPA opened at $117.52 on Friday. Invesco Aerospace & Defense ETF has a 1-year low of $97.64 and a 1-year high of $124.89. The company has a market cap of $4.63 billion, a PE ratio of 27.08 and a beta of 0.95. The stock has a fifty day moving average price of $117.84 and a 200 day moving average price of $116.93.

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.