Valley Wealth Managers Inc. Increases Stock Holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Valley Wealth Managers Inc. boosted its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 9.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,679 shares of the company’s stock after acquiring an additional 7,264 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $9,506,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Great Valley Advisor Group Inc. lifted its stake in Invesco Aerospace & Defense ETF by 68.4% during the second quarter. Great Valley Advisor Group Inc. now owns 32,754 shares of the company’s stock worth $3,365,000 after purchasing an additional 13,308 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in Invesco Aerospace & Defense ETF during the second quarter worth approximately $230,000. PFG Investments LLC lifted its stake in Invesco Aerospace & Defense ETF by 23.1% during the second quarter. PFG Investments LLC now owns 7,882 shares of the company’s stock worth $810,000 after purchasing an additional 1,480 shares during the last quarter. Raymond James & Associates lifted its stake in Invesco Aerospace & Defense ETF by 13.5% during the second quarter. Raymond James & Associates now owns 242,258 shares of the company’s stock worth $24,885,000 after purchasing an additional 28,902 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in Invesco Aerospace & Defense ETF during the first quarter worth approximately $233,000.

Invesco Aerospace & Defense ETF Stock Down 0.4 %

PPA traded down $0.53 during trading on Friday, hitting $118.08. 17,578 shares of the stock were exchanged, compared to its average volume of 169,465. The firm has a market capitalization of $3.68 billion, a P/E ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 1-year low of $85.89 and a 1-year high of $124.89. The stock has a fifty day moving average price of $115.74 and a two-hundred day moving average price of $109.20.

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.