Apollon Wealth Management LLC acquired a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,621 shares of the company’s stock, valued at approximately $230,000.
A number of other hedge funds also recently modified their holdings of PPA. Milestone Investment Advisors LLC acquired a new position in Invesco Aerospace & Defense ETF in the 1st quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Invesco Aerospace & Defense ETF during the first quarter worth approximately $27,000. Banque Transatlantique SA bought a new stake in shares of Invesco Aerospace & Defense ETF during the first quarter worth approximately $32,000. Fifth Third Bancorp grew its position in shares of Invesco Aerospace & Defense ETF by 840.9% in the first quarter. Fifth Third Bancorp now owns 414 shares of the company’s stock valued at $48,000 after purchasing an additional 370 shares during the last quarter. Finally, Simplex Trading LLC bought a new position in shares of Invesco Aerospace & Defense ETF during the first quarter worth approximately $56,000.
Invesco Aerospace & Defense ETF Trading Down 0.3%
NYSEARCA:PPA opened at $152.36 on Friday. The stock has a market cap of $6.59 billion, a P/E ratio of 30.91 and a beta of 0.98. The stock has a 50 day simple moving average of $150.58 and a 200 day simple moving average of $138.54. Invesco Aerospace & Defense ETF has a 1-year low of $100.39 and a 1-year high of $159.96.
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.
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