Nwam LLC Invests $470,000 in Invesco Aerospace & Defense ETF $PPA

Nwam LLC purchased a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the 4th quarter, Holdings Channel reports. The firm purchased 3,000 shares of the company’s stock, valued at approximately $470,000.

Several other hedge funds also recently made changes to their positions in the business. Financial Partners Group Inc grew its stake in shares of Invesco Aerospace & Defense ETF by 1.7% in the fourth quarter. Financial Partners Group Inc now owns 34,102 shares of the company’s stock valued at $5,341,000 after buying an additional 571 shares in the last quarter. Merrithew & Thorsten Inc bought a new position in shares of Invesco Aerospace & Defense ETF in the fourth quarter valued at $66,000. International Assets Investment Management LLC grew its stake in shares of Invesco Aerospace & Defense ETF by 24.3% in the fourth quarter. International Assets Investment Management LLC now owns 4,908 shares of the company’s stock valued at $769,000 after buying an additional 960 shares in the last quarter. Detalus Advisors LLC grew its stake in shares of Invesco Aerospace & Defense ETF by 16.5% in the fourth quarter. Detalus Advisors LLC now owns 33,288 shares of the company’s stock valued at $5,214,000 after buying an additional 4,717 shares in the last quarter. Finally, Allegheny Financial Group bought a new position in shares of Invesco Aerospace & Defense ETF in the fourth quarter valued at $221,000.

Invesco Aerospace & Defense ETF Trading Up 1.1%

NYSEARCA:PPA opened at $169.44 on Tuesday. Invesco Aerospace & Defense ETF has a 1-year low of $126.19 and a 1-year high of $186.30. The firm has a fifty day simple moving average of $172.47 and a 200 day simple moving average of $166.43. The stock has a market capitalization of $8.10 billion, a PE ratio of 30.91 and a beta of 0.72.

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.