Essex Financial Services Inc. Acquires New Stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Essex Financial Services Inc. acquired a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the 4th quarter, Holdings Channel.com reports. The firm acquired 2,792 shares of the company’s stock, valued at approximately $257,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PPA. Prime Capital Investment Advisors LLC grew its stake in Invesco Aerospace & Defense ETF by 5.9% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 4,669 shares of the company’s stock worth $430,000 after purchasing an additional 262 shares in the last quarter. Total Clarity Wealth Management Inc. grew its stake 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 purchasing an additional 184 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Invesco Aerospace & Defense ETF by 37.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,095 shares of the company’s stock worth $407,000 after purchasing an additional 1,375 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Invesco Aerospace & Defense ETF by 243.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 208,311 shares of the company’s stock worth $19,198,000 after purchasing an additional 147,710 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its stake in Invesco Aerospace & Defense ETF by 53.6% during the 4th quarter. Arkadios Wealth Advisors now owns 7,129 shares of the company’s stock worth $657,000 after purchasing an additional 2,488 shares in the last quarter.

Invesco Aerospace & Defense ETF Price Performance

PPA opened at $102.93 on Friday. Invesco Aerospace & Defense ETF has a 12 month low of $77.17 and a 12 month high of $103.26. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 32.60 and a beta of 0.74. The business has a fifty day moving average price of $99.69 and a 200 day moving average price of $92.70.

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.