Kraft Davis & Associates LLC Takes Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Kraft Davis & Associates LLC purchased a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 14,482 shares of the company’s stock, valued at approximately $1,315,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PPA. Clearstead Advisors LLC acquired a new position in shares of Invesco Aerospace & Defense ETF in the third quarter valued at approximately $27,000. Simplex Trading LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 52.7% in the third quarter. Simplex Trading LLC now owns 403 shares of the company’s stock valued at $32,000 after buying an additional 139 shares during the period. Blair William & Co. IL boosted its holdings in shares of Invesco Aerospace & Defense ETF by 468.8% in the first quarter. Blair William & Co. IL now owns 455 shares of the company’s stock valued at $37,000 after buying an additional 375 shares during the period. Westside Investment Management Inc. acquired a new position in shares of Invesco Aerospace & Defense ETF in the first quarter valued at approximately $40,000. Finally, Tyler Stone Wealth Management acquired a new position in shares of Invesco Aerospace & Defense ETF in the second quarter valued at approximately $56,000.

Invesco Aerospace & Defense ETF Price Performance

Shares of Invesco Aerospace & Defense ETF stock traded up $0.20 on Friday, hitting $98.31. The company had a trading volume of 143,603 shares, compared to its average volume of 159,396. The firm has a market capitalization of $2.93 billion, a P/E ratio of 32.35 and a beta of 0.76. Invesco Aerospace & Defense ETF has a twelve month low of $77.17 and a twelve month high of $102.00. The stock has a 50-day moving average of $98.45 and a 200-day moving average of $91.18.

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.