Marin Bay Wealth Advisors LLC Buys New Holdings in Invesco Aerospace & Defense ETF $PPA

Marin Bay Wealth Advisors LLC purchased a new position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the first quarter, HoldingsChannel reports. The fund purchased 6,025 shares of the company’s stock, valued at approximately $998,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Millennium Capital Advisors LLC grew its holdings in Invesco Aerospace & Defense ETF by 27.8% during the 1st quarter. Millennium Capital Advisors LLC now owns 2,300 shares of the company’s stock valued at $381,000 after buying an additional 500 shares in the last quarter. Pacific Sun Financial Corp raised its position in shares of Invesco Aerospace & Defense ETF by 1.3% during the first quarter. Pacific Sun Financial Corp now owns 29,484 shares of the company’s stock valued at $4,885,000 after buying an additional 381 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Invesco Aerospace & Defense ETF by 15.5% in the first quarter. PNC Financial Services Group Inc. now owns 9,321 shares of the company’s stock worth $1,545,000 after buying an additional 1,251 shares in the last quarter. Atlantic Family Wealth LLC lifted its holdings in shares of Invesco Aerospace & Defense ETF by 23.3% in the first quarter. Atlantic Family Wealth LLC now owns 5,611 shares of the company’s stock worth $930,000 after buying an additional 1,062 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of Invesco Aerospace & Defense ETF in the first quarter worth $105,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA:PPA opened at $168.88 on Wednesday. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of 30.91 and a beta of 0.73. The firm has a fifty day moving average price of $172.79 and a 200 day moving average price of $173.24. Invesco Aerospace & Defense ETF has a fifty-two week low of $142.07 and a fifty-two week high of $186.30.

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.