Thurston Springer Miller Herd & Titak Inc. Makes New Investment in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 412 shares of the company’s stock, valued at approximately $42,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Beacon Capital Management LLC lifted its stake in Invesco Aerospace & Defense ETF by 31.6% in the first quarter. Beacon Capital Management LLC now owns 416 shares of the company’s stock valued at $42,000 after buying an additional 100 shares during the period. GAMMA Investing LLC acquired a new position in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth approximately $39,000. Creekmur Asset Management LLC acquired a new position in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth approximately $44,000. EverSource Wealth Advisors LLC acquired a new position in shares of Invesco Aerospace & Defense ETF during the first quarter worth approximately $54,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth approximately $55,000.

Invesco Aerospace & Defense ETF Price Performance

Shares of NYSEARCA:PPA traded up $0.81 during trading on Tuesday, reaching $104.13. 190,922 shares of the stock were exchanged, compared to its average volume of 147,264. Invesco Aerospace & Defense ETF has a 1-year low of $77.50 and a 1-year high of $110.26. The stock has a fifty day moving average of $104.49 and a two-hundred day moving average of $100.86. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73.

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.