Spinnaker Investment Group LLC Buys New Shares in Invesco Aerospace & Defense ETF $PPA

Spinnaker Investment Group LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,400 shares of the company’s stock, valued at approximately $533,000.

A number of other large investors have also recently bought and sold shares of PPA. Evolution Wealth Management Inc. bought a new position in shares of Invesco Aerospace & Defense ETF in the 2nd quarter worth about $26,000. BOK Financial Private Wealth Inc. lifted its stake in shares of Invesco Aerospace & Defense ETF by 84.2% in the 3rd quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock valued at $27,000 after purchasing an additional 80 shares during the period. Binnacle Investments Inc boosted its position in shares of Invesco Aerospace & Defense ETF by 84.2% during the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares in the last quarter. Avalon Trust Co bought a new stake in shares of Invesco Aerospace & Defense ETF during the 3rd quarter valued at about $47,000. Finally, Wealth Watch Advisors INC acquired a new stake in Invesco Aerospace & Defense ETF during the third quarter worth approximately $49,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA stock opened at $168.78 on Wednesday. Invesco Aerospace & Defense ETF has a fifty-two week low of $100.39 and a fifty-two week high of $186.30. The stock has a 50 day simple moving average of $176.92 and a two-hundred day simple moving average of $162.62. The company has a market cap of $7.56 billion, a P/E ratio of 30.91 and a beta of 0.87.

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. 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.