NewEdge Advisors LLC Has $8.75 Million Stock Holdings in Invesco Aerospace & Defense ETF $PPA

NewEdge Advisors LLC boosted its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 22.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,820 shares of the company’s stock after acquiring an additional 9,747 shares during the quarter. NewEdge Advisors LLC owned 0.11% of Invesco Aerospace & Defense ETF worth $8,752,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PPA. Ashton Thomas Securities LLC acquired a new position in shares of Invesco Aerospace & Defense ETF during the 4th quarter worth $1,919,000. Western Wealth Management LLC boosted its stake in Invesco Aerospace & Defense ETF by 59.7% in the fourth quarter. Western Wealth Management LLC now owns 13,152 shares of the company’s stock valued at $2,060,000 after buying an additional 4,917 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in Invesco Aerospace & Defense ETF by 50.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 12,176 shares of the company’s stock valued at $1,907,000 after buying an additional 4,105 shares in the last quarter. Kovack Advisors Inc. grew its position in Invesco Aerospace & Defense ETF by 964.9% in the fourth quarter. Kovack Advisors Inc. now owns 43,084 shares of the company’s stock valued at $6,748,000 after acquiring an additional 39,038 shares during the last quarter. Finally, Green Ridge Wealth Planning LLC bought a new position in Invesco Aerospace & Defense ETF in the fourth quarter valued at about $4,556,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA PPA opened at $183.78 on Monday. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 30.91 and a beta of 0.74. Invesco Aerospace & Defense ETF has a 12 month low of $143.44 and a 12 month high of $186.30. The stock has a 50-day moving average price of $174.56 and a two-hundred day moving average price of $173.81.

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.