Sowell Financial Services LLC Takes Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Sowell Financial Services LLC bought a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,672 shares of the company’s stock, valued at approximately $1,224,000.

A number of other hedge funds also recently modified their holdings of PPA. Farther Finance Advisors LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF in the third quarter valued at $150,000. Concurrent Investment Advisors LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF in the third quarter valued at $241,000. Assetmark Inc. purchased a new stake in shares of Invesco Aerospace & Defense ETF during the third quarter worth $54,000. Atria Investments Inc raised its holdings in shares of Invesco Aerospace & Defense ETF by 10.4% during the third quarter. Atria Investments Inc now owns 2,928 shares of the company’s stock worth $337,000 after acquiring an additional 276 shares in the last quarter. Finally, XML Financial LLC raised its holdings in shares of Invesco Aerospace & Defense ETF by 3.0% during the third quarter. XML Financial LLC now owns 3,205 shares of the company’s stock worth $368,000 after acquiring an additional 92 shares in the last quarter.

Invesco Aerospace & Defense ETF Trading Down 1.4 %

Shares of NYSEARCA:PPA opened at $114.18 on Tuesday. Invesco Aerospace & Defense ETF has a 1 year low of $97.53 and a 1 year high of $124.89. The business has a fifty day simple moving average of $117.54 and a 200 day simple moving average of $116.73. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 27.08 and a beta of 0.95.

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.