Uniting Wealth Partners LLC Takes Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Uniting Wealth Partners LLC bought a new stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 55,373 shares of the company’s stock, valued at approximately $6,353,000. Invesco Aerospace & Defense ETF comprises approximately 3.1% of Uniting Wealth Partners LLC’s investment portfolio, making the stock its 4th biggest holding. Uniting Wealth Partners LLC owned approximately 0.18% of Invesco Aerospace & Defense ETF as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC raised its stake in Invesco Aerospace & Defense ETF by 15.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 639 shares of the company’s stock valued at $74,000 after acquiring an additional 87 shares in the last quarter. Glass Jacobson Investment Advisors llc raised its stake in shares of Invesco Aerospace & Defense ETF by 50.5% during the third quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock valued at $35,000 after purchasing an additional 102 shares in the last quarter. American Institute for Advanced Investment Management LLP lifted its holdings in Invesco Aerospace & Defense ETF by 0.8% in the fourth quarter. American Institute for Advanced Investment Management LLP now owns 14,541 shares of the company’s stock worth $1,668,000 after purchasing an additional 121 shares during the period. Zacks Investment Management grew its position in Invesco Aerospace & Defense ETF by 5.1% in the 3rd quarter. Zacks Investment Management now owns 2,627 shares of the company’s stock valued at $302,000 after buying an additional 127 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Invesco Aerospace & Defense ETF by 29.9% during the 4th quarter. Assetmark Inc. now owns 608 shares of the company’s stock valued at $70,000 after buying an additional 140 shares during the period.

Invesco Aerospace & Defense ETF Trading Up 1.3 %

PPA stock opened at $118.82 on Thursday. The firm’s 50-day moving average is $117.73 and its two-hundred day moving average is $117.45. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 28.07 and a beta of 0.95. Invesco Aerospace & Defense ETF has a 52 week low of $97.64 and a 52 week high of $124.89.

Invesco Aerospace & Defense ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a dividend of $0.0489 per share. The ex-dividend date was 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.