Mirae Asset Global Investments Co. Ltd. Makes New $20.98 Million Investment in Invesco Aerospace & Defense ETF $PPA

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the second quarter, Holdings Channel reports. The fund bought 148,100 shares of the company’s stock, valued at approximately $20,984,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in Invesco Aerospace & Defense ETF by 10.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,794 shares of the company’s stock worth $1,491,000 after acquiring an additional 1,227 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in Invesco Aerospace & Defense ETF by 19.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 2,567 shares of the company’s stock worth $299,000 after acquiring an additional 422 shares during the last quarter. Fifth Third Bancorp grew its holdings in Invesco Aerospace & Defense ETF by 840.9% during the 1st quarter. Fifth Third Bancorp now owns 414 shares of the company’s stock worth $48,000 after acquiring an additional 370 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 63.9% in the 1st quarter. Cerity Partners LLC now owns 19,157 shares of the company’s stock worth $2,233,000 after purchasing an additional 7,471 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Invesco Aerospace & Defense ETF by 2.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 142,031 shares of the company’s stock worth $16,554,000 after purchasing an additional 2,984 shares during the period.

Invesco Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA PPA opened at $156.26 on Friday. The company has a market capitalization of $6.88 billion, a P/E ratio of 30.91 and a beta of 0.98. Invesco Aerospace & Defense ETF has a 52-week low of $100.39 and a 52-week high of $157.36. The company’s 50 day moving average price is $148.80 and its 200-day moving average price is $135.85.

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.