Madrid Financial Services Acquires New Holdings in Invesco Aerospace & Defense ETF $PPA

Madrid Financial Services bought a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 49,831 shares of the company’s stock, valued at approximately $7,705,000. Invesco Aerospace & Defense ETF accounts for about 4.5% of Madrid Financial Services’ portfolio, making the stock its 14th largest position. Madrid Financial Services owned approximately 0.11% of Invesco Aerospace & Defense ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Montgomery Financial Services LLC purchased a new stake in Invesco Aerospace & Defense ETF in the 2nd quarter worth approximately $25,000. Provenance Wealth Advisors LLC boosted its holdings in Invesco Aerospace & Defense ETF by 73.5% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 236 shares of the company’s stock valued at $36,000 after purchasing an additional 100 shares during the period. DecisionPoint Financial LLC bought a new position in Invesco Aerospace & Defense ETF in the 3rd quarter valued at $46,000. Tucker Asset Management LLC boosted its holdings in Invesco Aerospace & Defense ETF by 233.7% in the 2nd quarter. Tucker Asset Management LLC now owns 327 shares of the company’s stock valued at $58,000 after purchasing an additional 229 shares during the period. Finally, United Community Bank purchased a new position in shares of Invesco Aerospace & Defense ETF during the 2nd quarter valued at $82,000.

Invesco Aerospace & Defense ETF Price Performance

PPA opened at $153.19 on Friday. The company has a fifty day moving average price of $158.42 and a 200-day moving average price of $170.26. The firm has a market capitalization of $7.25 billion, a P/E ratio of 26.95 and a beta of 0.76. Invesco Aerospace & Defense ETF has a one year low of $144.29 and a one year high of $186.30.

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.