Kovack Advisors Inc. Boosts Holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Kovack Advisors Inc. boosted its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 6.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,636 shares of the company’s stock after purchasing an additional 150 shares during the quarter. Kovack Advisors Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $303,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PPA. International Assets Investment Management LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 10,225.1% in the third quarter. International Assets Investment Management LLC now owns 278,674 shares of the company’s stock worth $32,039,000 after buying an additional 275,975 shares in the last quarter. Cetera Investment Advisers increased its stake in Invesco Aerospace & Defense ETF by 1,146.0% in the 1st quarter. Cetera Investment Advisers now owns 225,518 shares of the company’s stock worth $22,906,000 after acquiring an additional 207,419 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Invesco Aerospace & Defense ETF by 15.6% during the 2nd quarter. LPL Financial LLC now owns 1,372,803 shares of the company’s stock worth $141,014,000 after acquiring an additional 184,961 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Invesco Aerospace & Defense ETF during the 3rd quarter valued at approximately $9,775,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Invesco Aerospace & Defense ETF in the third quarter valued at $9,263,000.

Invesco Aerospace & Defense ETF Stock Down 0.8 %

Invesco Aerospace & Defense ETF stock opened at $117.67 on Friday. Invesco Aerospace & Defense ETF has a 52-week low of $85.89 and a 52-week high of $124.89. The firm’s fifty day moving average is $116.11 and its 200 day moving average is $109.37. The company has a market cap of $3.67 billion, a price-to-earnings 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.