HighTower Advisors LLC Increases Stock Holdings in Invesco Aerospace & Defense ETF $PPA

HighTower Advisors LLC increased its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 8.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 536,086 shares of the company’s stock after acquiring an additional 40,640 shares during the period. HighTower Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $83,338,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quaker Wealth Management LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 202.4% during the second quarter. Quaker Wealth Management LLC now owns 52,694 shares of the company’s stock worth $7,466,000 after purchasing an additional 104,139 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Invesco Aerospace & Defense ETF by 66.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 246,697 shares of the company’s stock worth $38,349,000 after purchasing an additional 98,597 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. acquired a new position in shares of Invesco Aerospace & Defense ETF in the 3rd quarter valued at approximately $12,939,000. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management purchased a new position in shares of Invesco Aerospace & Defense ETF during the 2nd quarter valued at approximately $10,202,000. Finally, Warner Group LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF during the third quarter worth approximately $6,753,000.

Invesco Aerospace & Defense ETF Price Performance

PPA opened at $176.10 on Monday. Invesco Aerospace & Defense ETF has a 12-month low of $100.39 and a 12-month high of $181.31. The stock has a market capitalization of $7.89 billion, a PE ratio of 30.91 and a beta of 0.87. The firm’s fifty day moving average price is $167.14 and its 200 day moving average price is $156.79.

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.