Janney Montgomery Scott LLC Raises Position in Invesco Aerospace & Defense ETF $PPA

Janney Montgomery Scott LLC increased its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 25.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 140,041 shares of the company’s stock after buying an additional 28,229 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Invesco Aerospace & Defense ETF were worth $24,738,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position in Invesco Aerospace & Defense ETF by 2,760.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,817,263 shares of the company’s stock worth $441,268,000 after acquiring an additional 2,718,777 shares in the last quarter. Morgan Stanley grew its position in Invesco Aerospace & Defense ETF by 1.3% in the fourth quarter. Morgan Stanley now owns 2,143,208 shares of the company’s stock valued at $335,691,000 after acquiring an additional 27,624 shares in the last quarter. LPL Financial LLC grew its position in Invesco Aerospace & Defense ETF by 3.6% in the fourth quarter. LPL Financial LLC now owns 1,729,063 shares of the company’s stock valued at $270,823,000 after acquiring an additional 60,321 shares in the last quarter. UBS Group AG raised its stake in shares of Invesco Aerospace & Defense ETF by 5.9% during the third quarter. UBS Group AG now owns 825,841 shares of the company’s stock valued at $128,377,000 after purchasing an additional 46,319 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Invesco Aerospace & Defense ETF by 6.1% during the fourth quarter. Wells Fargo & Company MN now owns 651,525 shares of the company’s stock valued at $102,048,000 after purchasing an additional 37,509 shares during the period.

Invesco Aerospace & Defense ETF Trading Up 1.0%

Shares of PPA stock opened at $185.09 on Friday. The company has a market capitalization of $8.76 billion, a PE ratio of 30.91 and a beta of 0.74. The firm has a fifty day simple moving average of $175.77 and a 200-day simple moving average of $174.07. Invesco Aerospace & Defense ETF has a twelve month low of $143.44 and a twelve month high of $186.30.

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.