Turn8 Private Wealth Inc. Purchases New Stake in Invesco Aerospace & Defense ETF $PPA

Turn8 Private Wealth Inc. purchased a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,694 shares of the company’s stock, valued at approximately $4,092,000. Invesco Aerospace & Defense ETF makes up approximately 2.6% of Turn8 Private Wealth Inc.’s portfolio, making the stock its 19th largest position.

A number of other large investors have also recently added to or reduced their stakes in PPA. HB Wealth Management LLC grew its holdings in Invesco Aerospace & Defense ETF by 9.7% during the 1st quarter. HB Wealth Management LLC now owns 2,709 shares of the company’s stock worth $449,000 after acquiring an additional 239 shares in the last quarter. Arrien Investments Inc. lifted its position in shares of Invesco Aerospace & Defense ETF by 51.1% during the first quarter. Arrien Investments Inc. now owns 2,410 shares of the company’s stock worth $399,000 after purchasing an additional 815 shares during the last quarter. PFG Investments LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 29.1% during the first quarter. PFG Investments LLC now owns 3,624 shares of the company’s stock worth $601,000 after purchasing an additional 817 shares during the last quarter. BIP Wealth LLC grew its stake in Invesco Aerospace & Defense ETF by 4.7% in the first quarter. BIP Wealth LLC now owns 6,945 shares of the company’s stock worth $1,151,000 after purchasing an additional 312 shares in the last quarter. Finally, World Investment Advisors grew its stake in Invesco Aerospace & Defense ETF by 7.3% in the first quarter. World Investment Advisors now owns 2,411 shares of the company’s stock worth $399,000 after purchasing an additional 163 shares in the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of Invesco Aerospace & Defense ETF stock opened at $181.08 on Friday. The firm has a market cap of $8.97 billion, a P/E ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a fifty-two week low of $140.01 and a fifty-two week high of $186.30. The business has a 50-day moving average price of $171.35 and a 200 day moving average price of $171.78.

Invesco Aerospace & Defense ETF 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.