Janney Montgomery Scott LLC Boosts Position in Invesco Aerospace & Defense ETF $PPA

Janney Montgomery Scott LLC increased its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 14.2% during the 1st quarter, HoldingsChannel reports. The fund owned 111,812 shares of the company’s stock after acquiring an additional 13,931 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Invesco Aerospace & Defense ETF were worth $18,527,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Harbor Asset Planning Inc. grew its holdings in shares of Invesco Aerospace & Defense ETF by 44.2% in the first quarter. Harbor Asset Planning Inc. now owns 463 shares of the company’s stock valued at $77,000 after purchasing an additional 142 shares during the period. WT Wealth Management boosted its holdings in Invesco Aerospace & Defense ETF by 7.9% in the 1st quarter. WT Wealth Management now owns 31,625 shares of the company’s stock valued at $5,240,000 after purchasing an additional 2,322 shares during the last quarter. Merkkuri Wealth Advisors LLC acquired a new position in Invesco Aerospace & Defense ETF in the 1st quarter valued at about $191,000. Artesa Financial Group LLC grew its stake in shares of Invesco Aerospace & Defense ETF by 3.1% in the 1st quarter. Artesa Financial Group LLC now owns 41,377 shares of the company’s stock valued at $6,856,000 after buying an additional 1,241 shares during the period. Finally, Kestra Private Wealth Services LLC grew its stake in shares of Invesco Aerospace & Defense ETF by 15.4% in the 1st quarter. Kestra Private Wealth Services LLC now owns 14,048 shares of the company’s stock valued at $2,328,000 after buying an additional 1,872 shares during the period.

Invesco Aerospace & Defense ETF Price Performance

Shares of NYSEARCA PPA opened at $176.65 on Wednesday. The company has a 50 day simple moving average of $170.90 and a 200-day simple moving average of $171.36. The company has a market capitalization of $8.45 billion, a P/E ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 1 year low of $138.83 and a 1 year high of $186.30.

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.