Turn8 Private Wealth Inc. Acquires 3,197 Shares of Invesco Aerospace & Defense ETF $PPA

Turn8 Private Wealth Inc. grew its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 15.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 24,391 shares of the company’s stock after buying an additional 3,197 shares during the quarter. Invesco Aerospace & Defense ETF comprises approximately 2.6% of Turn8 Private Wealth Inc.’s holdings, making the stock its 20th largest holding. Turn8 Private Wealth Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $3,771,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Envestnet Asset Management Inc. raised its stake in Invesco Aerospace & Defense ETF by 9.1% in the second quarter. Envestnet Asset Management Inc. now owns 241,110 shares of the company’s stock worth $42,592,000 after buying an additional 20,102 shares in the last quarter. Susquehanna International Group LLP lifted its holdings in Invesco Aerospace & Defense ETF by 398.4% during the second quarter. Susquehanna International Group LLP now owns 28,180 shares of the company’s stock worth $4,978,000 after buying an additional 22,526 shares during the period. Florida Financial Advisors LLC boosted its position in Invesco Aerospace & Defense ETF by 72.8% during the 1st quarter. Florida Financial Advisors LLC now owns 7,094 shares of the company’s stock valued at $1,176,000 after acquiring an additional 2,988 shares in the last quarter. Citizens Financial Group Inc. RI bought a new stake in Invesco Aerospace & Defense ETF during the 1st quarter valued at $601,000. Finally, McCollum Christoferson Group LLC boosted its position in Invesco Aerospace & Defense ETF by 64.5% during the 3rd quarter. McCollum Christoferson Group LLC now owns 34,467 shares of the company’s stock valued at $5,329,000 after acquiring an additional 13,510 shares in the last quarter.

Invesco Aerospace & Defense ETF Trading Up 1.0%

Shares of NYSEARCA:PPA opened at $160.88 on Wednesday. Invesco Aerospace & Defense ETF has a 12-month low of $144.29 and a 12-month high of $186.30. The business’s fifty day simple moving average is $158.07 and its 200-day simple moving average is $170.08. The company has a market capitalization of $7.61 billion, a PE ratio of 26.95 and a beta of 0.76.

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.