Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Stock Position Raised by LPL Financial LLC

LPL Financial LLC lifted its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,434,638 shares of the company’s stock after purchasing an additional 41,666 shares during the period. LPL Financial LLC owned approximately 4.61% of Invesco Aerospace & Defense ETF worth $164,596,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PPA. Intellus Advisors LLC acquired a new position in shares of Invesco Aerospace & Defense ETF in the 4th quarter valued at about $7,583,000. Runnymede Capital Advisors Inc. purchased a new position in Invesco Aerospace & Defense ETF during the fourth quarter valued at approximately $25,000. Holderness Investments Co. acquired a new position in Invesco Aerospace & Defense ETF in the 4th quarter valued at approximately $257,000. Thrivent Financial for Lutherans lifted its position in Invesco Aerospace & Defense ETF by 17.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 13,778 shares of the company’s stock worth $1,581,000 after buying an additional 2,009 shares in the last quarter. Finally, Harbour Investments Inc. boosted its stake in shares of Invesco Aerospace & Defense ETF by 129.0% during the 4th quarter. Harbour Investments Inc. now owns 19,565 shares of the company’s stock valued at $2,245,000 after buying an additional 11,021 shares during the period.

Invesco Aerospace & Defense ETF Stock Up 2.0 %

Invesco Aerospace & Defense ETF stock opened at $119.91 on Tuesday. Invesco Aerospace & Defense ETF has a 12 month low of $97.64 and a 12 month high of $124.89. The stock has a market cap of $4.72 billion, a P/E ratio of 27.08 and a beta of 0.95. The company’s fifty day simple moving average is $117.92 and its 200-day simple moving average is $117.09.

Invesco Aerospace & Defense ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be issued a $0.0489 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.