LM Advisors LLC Buys New Shares in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

LM Advisors LLC bought a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,000 shares of the company’s stock, valued at approximately $553,000.

Several other hedge funds have also added to or reduced their stakes in the business. Regal Investment Advisors LLC lifted its holdings in Invesco Aerospace & Defense ETF by 1,671.1% during the 4th quarter. Regal Investment Advisors LLC now owns 47,643 shares of the company’s stock valued at $4,391,000 after purchasing an additional 44,953 shares during the last quarter. XML Financial LLC acquired a new stake in Invesco Aerospace & Defense ETF during the 4th quarter valued at $245,000. Cetera Advisor Networks LLC lifted its holdings in Invesco Aerospace & Defense ETF by 32.5% during the 4th quarter. Cetera Advisor Networks LLC now owns 114,053 shares of the company’s stock valued at $10,511,000 after purchasing an additional 27,953 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Invesco Aerospace & Defense ETF during the 4th quarter valued at $325,000. Finally, Tradition Wealth Management LLC lifted its holdings in shares of Invesco Aerospace & Defense ETF by 225.6% during the fourth quarter. Tradition Wealth Management LLC now owns 1,042 shares of the company’s stock worth $96,000 after buying an additional 722 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Down 0.8 %

Shares of PPA traded down $0.86 during midday trading on Tuesday, reaching $103.32. 85,668 shares of the stock were exchanged, compared to its average volume of 153,777. Invesco Aerospace & Defense ETF has a twelve month low of $77.50 and a twelve month high of $105.81. The company has a market cap of $3.22 billion, a P/E ratio of 33.87 and a beta of 0.73. The stock’s 50 day simple moving average is $102.54 and its 200 day simple moving average is $96.80.

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.