Y Intercept Hong Kong Ltd Purchases New Position in Invesco Aerospace & Defense ETF $PPA

Y Intercept Hong Kong Ltd acquired a new position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,720 shares of the company’s stock, valued at approximately $1,611,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. eCIO Inc. purchased a new position in Invesco Aerospace & Defense ETF in the fourth quarter worth $28,000. Binnacle Investments Inc raised its stake in shares of Invesco Aerospace & Defense ETF by 84.2% in the second quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock worth $30,000 after purchasing an additional 96 shares during the last quarter. EPG Wealth Management LLC purchased a new position in Invesco Aerospace & Defense ETF during the 4th quarter worth approximately $31,000. Y.D. More Investments Ltd lifted its position in Invesco Aerospace & Defense ETF by 720.0% during the fourth quarter. Y.D. More Investments Ltd now owns 205 shares of the company’s stock valued at $32,000 after purchasing an additional 180 shares during the period. Finally, Bayban acquired a new position in shares of Invesco Aerospace & Defense ETF in the 4th quarter valued at about $38,000.

Invesco Aerospace & Defense ETF Price Performance

PPA opened at $174.92 on Friday. The firm has a fifty day moving average price of $172.26 and a 200 day moving average price of $172.59. Invesco Aerospace & Defense ETF has a 1 year low of $141.36 and a 1 year high of $186.30. The stock has a market cap of $8.25 billion, a P/E ratio of 30.91 and a beta of 0.73.

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.