Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Shares Purchased by Stegent Equity Advisors Inc.

Stegent Equity Advisors Inc. lifted its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 27.3% in the fourth quarter, HoldingsChannel reports. The firm owned 12,874 shares of the company’s stock after buying an additional 2,759 shares during the quarter. Invesco Aerospace & Defense ETF makes up approximately 1.4% of Stegent Equity Advisors Inc.’s holdings, making the stock its 29th biggest holding. Stegent Equity Advisors Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $1,186,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Tyler Stone Wealth Management grew its holdings in shares of Invesco Aerospace & Defense ETF by 18.4% in the third quarter. Tyler Stone Wealth Management now owns 779 shares of the company’s stock valued at $62,000 after purchasing an additional 121 shares in the last quarter. New England Private Wealth Advisors LLC grew its holdings in shares of Invesco Aerospace & Defense ETF by 0.3% in the fourth quarter. New England Private Wealth Advisors LLC now owns 39,671 shares of the company’s stock valued at $3,656,000 after purchasing an additional 136 shares in the last quarter. Simplex Trading LLC grew its holdings in shares of Invesco Aerospace & Defense ETF by 52.7% in the third quarter. Simplex Trading LLC now owns 403 shares of the company’s stock valued at $32,000 after purchasing an additional 139 shares in the last quarter. Total Clarity Wealth Management Inc. grew its holdings in Invesco Aerospace & Defense ETF by 4.1% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 4,710 shares of the company’s stock worth $434,000 after acquiring an additional 184 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in Invesco Aerospace & Defense ETF by 13.4% during the 4th quarter. Allworth Financial LP now owns 1,692 shares of the company’s stock worth $156,000 after acquiring an additional 200 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Down 0.7 %

NYSEARCA PPA traded down $0.75 on Tuesday, hitting $101.23. 123,839 shares of the stock were exchanged, compared to its average volume of 162,410. Invesco Aerospace & Defense ETF has a fifty-two week low of $77.17 and a fifty-two week high of $102.42. The company has a market cap of $3.07 billion, a PE ratio of 32.60 and a beta of 0.74. The company has a 50-day moving average price of $99.20 and a 200-day moving average price of $92.30.

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.