549,541 Shares in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 549,541 shares of the company’s stock, valued at approximately $63,049,000. Raymond James Financial Inc. owned 1.76% of Invesco Aerospace & Defense ETF as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Prasad Wealth Partners LLC purchased a new stake in Invesco Aerospace & Defense ETF in the 4th quarter worth $6,828,000. National Bank of Canada FI lifted its stake in Invesco Aerospace & Defense ETF by 26.6% in the 3rd quarter. National Bank of Canada FI now owns 227,122 shares of the company’s stock worth $26,112,000 after purchasing an additional 47,703 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Invesco Aerospace & Defense ETF in the 4th quarter worth $2,576,000. LPL Financial LLC lifted its stake in Invesco Aerospace & Defense ETF by 1.5% in the 3rd quarter. LPL Financial LLC now owns 1,392,972 shares of the company’s stock worth $160,150,000 after purchasing an additional 20,169 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Invesco Aerospace & Defense ETF by 83.4% in the 4th quarter. Jones Financial Companies Lllp now owns 42,987 shares of the company’s stock worth $4,932,000 after purchasing an additional 19,547 shares in the last quarter.

Invesco Aerospace & Defense ETF Trading Down 1.4 %

Shares of NYSEARCA PPA opened at $114.18 on Tuesday. The firm’s 50-day moving average price is $117.54 and its 200-day moving average price is $116.73. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 27.08 and a beta of 0.95. Invesco Aerospace & Defense ETF has a 12-month low of $97.53 and a 12-month high of $124.89.

Invesco Aerospace & Defense ETF Company 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.