Delta Financial Advisors LLC Buys Shares of 5,684 Invesco Aerospace & Defense ETF $PPA

Delta Financial Advisors LLC purchased a new position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,684 shares of the company’s stock, valued at approximately $884,000.

Other hedge funds also recently bought and sold shares of the company. Axxcess Wealth Management LLC increased its stake in shares of Invesco Aerospace & Defense ETF by 3.4% during the 2nd quarter. Axxcess Wealth Management LLC now owns 358,675 shares of the company’s stock worth $50,821,000 after purchasing an additional 11,909 shares during the last quarter. Meitav Investment House Ltd. lifted its position in shares of Invesco Aerospace & Defense ETF by 2.1% in the second quarter. Meitav Investment House Ltd. now owns 275,480 shares of the company’s stock worth $39,033,000 after buying an additional 5,634 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Invesco Aerospace & Defense ETF by 12.1% during the 2nd quarter. Osaic Holdings Inc. now owns 206,410 shares of the company’s stock worth $29,257,000 after acquiring an additional 22,282 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 19.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 185,002 shares of the company’s stock valued at $28,758,000 after acquiring an additional 30,441 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Invesco Aerospace & Defense ETF by 20.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 171,559 shares of the company’s stock valued at $24,308,000 after acquiring an additional 29,528 shares in the last quarter.

Invesco Aerospace & Defense ETF Trading Down 0.3%

NYSEARCA PPA opened at $176.88 on Friday. The company has a market cap of $7.85 billion, a P/E ratio of 30.91 and a beta of 0.87. The company has a fifty day simple moving average of $159.47 and a 200 day simple moving average of $153.55. Invesco Aerospace & Defense ETF has a 1 year low of $100.39 and a 1 year high of $181.31.

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. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.