Invesco Aerospace & Defense ETF $PPA Stock Purchased by McCollum Christoferson Group LLC

McCollum Christoferson Group LLC raised its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 64.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,467 shares of the company’s stock after acquiring an additional 13,510 shares during the period. Invesco Aerospace & Defense ETF accounts for about 0.8% of McCollum Christoferson Group LLC’s investment portfolio, making the stock its 28th biggest holding. McCollum Christoferson Group LLC’s holdings in Invesco Aerospace & Defense ETF were worth $5,329,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Montgomery Financial Services LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF during the 2nd quarter worth approximately $25,000. Bayban acquired a new position in Invesco Aerospace & Defense ETF during the 4th quarter valued at approximately $38,000. Tucker Asset Management LLC boosted its position in Invesco Aerospace & Defense ETF by 233.7% during 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. Harbor Asset Planning Inc. boosted its position in Invesco Aerospace & Defense ETF by 44.2% during the 1st quarter. Harbor Asset Planning Inc. now owns 463 shares of the company’s stock valued at $77,000 after purchasing an additional 142 shares during the period. Finally, United Community Bank bought a new position in Invesco Aerospace & Defense ETF during the 2nd quarter worth $82,000.

Invesco Aerospace & Defense ETF Trading Down 1.1%

PPA traded down $1.73 during trading on Tuesday, reaching $152.76. 130,511 shares of the company were exchanged, compared to its average volume of 260,445. Invesco Aerospace & Defense ETF has a 52 week low of $144.29 and a 52 week high of $186.30. The firm has a 50 day moving average of $166.92 and a 200 day moving average of $170.18. The stock has a market cap of $7.25 billion, a P/E ratio of 30.91 and a beta of 0.75.

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.