LPL Financial LLC Purchases 60,321 Shares of Invesco Aerospace & Defense ETF $PPA

LPL Financial LLC lifted its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,729,063 shares of the company’s stock after acquiring an additional 60,321 shares during the quarter. LPL Financial LLC’s holdings in Invesco Aerospace & Defense ETF were worth $270,823,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PPA. BOK Financial Private Wealth Inc. increased its stake in Invesco Aerospace & Defense ETF by 84.2% in the 3rd quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock valued at $27,000 after buying an additional 80 shares during the last quarter. eCIO Inc. purchased a new stake in Invesco Aerospace & Defense ETF in the 4th quarter valued at about $28,000. Binnacle Investments Inc increased its stake in Invesco Aerospace & Defense ETF by 84.2% in the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock valued at $30,000 after buying an additional 96 shares during the last quarter. EPG Wealth Management LLC bought a new position in shares of Invesco Aerospace & Defense ETF in the fourth quarter valued at approximately $31,000. Finally, Y.D. More Investments Ltd increased its position in shares of Invesco Aerospace & Defense ETF by 720.0% during the fourth quarter. Y.D. More Investments Ltd now owns 205 shares of the company’s stock valued at $32,000 after acquiring an additional 180 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA:PPA opened at $171.75 on Wednesday. The company’s 50-day moving average is $170.47 and its 200 day moving average is $168.81. The company has a market capitalization of $8.21 billion, a P/E ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a fifty-two week low of $132.54 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.