Thrivent Financial for Lutherans Purchases New Stake in Invesco Aerospace & Defense ETF $PPA

Thrivent Financial for Lutherans purchased a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 24,686 shares of the company’s stock, valued at approximately $3,867,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sanctuary Advisors LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 0.5% in the fourth quarter. Sanctuary Advisors LLC now owns 11,237 shares of the company’s stock valued at $1,760,000 after purchasing an additional 61 shares during the last quarter. Advisors Capital Management LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 2.3% in the fourth quarter. Advisors Capital Management LLC now owns 2,731 shares of the company’s stock valued at $428,000 after purchasing an additional 62 shares during the last quarter. McCollum Christoferson Group LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 4.1% in the fourth quarter. McCollum Christoferson Group LLC now owns 1,925 shares of the company’s stock valued at $302,000 after purchasing an additional 75 shares during the last quarter. Smith Moore & CO. increased its holdings in shares of Invesco Aerospace & Defense ETF by 3.3% in the third quarter. Smith Moore & CO. now owns 2,425 shares of the company’s stock valued at $377,000 after purchasing an additional 78 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. increased its holdings in shares of Invesco Aerospace & Defense ETF by 84.2% in the third 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 last quarter.

Invesco Aerospace & Defense ETF Stock Performance

NYSEARCA:PPA opened at $170.24 on Friday. Invesco Aerospace & Defense ETF has a one year low of $128.11 and a one year high of $186.30. The stock has a market cap of $8.14 billion, a PE ratio of 30.91 and a beta of 0.72. The stock has a 50 day moving average price of $170.08 and a 200 day moving average price of $167.00.

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.