Kovack Advisors Inc. Has $253,000 Holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Kovack Advisors Inc. lifted its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 13.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,486 shares of the company’s stock after buying an additional 295 shares during the period. Kovack Advisors Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $253,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Miracle Mile Advisors LLC increased its holdings in Invesco Aerospace & Defense ETF by 7.6% during the 1st quarter. Miracle Mile Advisors LLC now owns 565,987 shares of the company’s stock valued at $57,487,000 after purchasing an additional 40,150 shares in the last quarter. Pettinga Financial Advisors LLC increased its holdings in Invesco Aerospace & Defense ETF by 91.8% during the 1st quarter. Pettinga Financial Advisors LLC now owns 6,195 shares of the company’s stock valued at $629,000 after purchasing an additional 2,965 shares in the last quarter. Bridge Advisory LLC acquired a new stake in Invesco Aerospace & Defense ETF during the 1st quarter valued at $984,000. Capital Asset Advisory Services LLC increased its holdings in Invesco Aerospace & Defense ETF by 17.1% during the 1st quarter. Capital Asset Advisory Services LLC now owns 311,075 shares of the company’s stock valued at $31,565,000 after purchasing an additional 45,477 shares in the last quarter. Finally, Brookstone Capital Management increased its holdings in Invesco Aerospace & Defense ETF by 22.9% during the 1st quarter. Brookstone Capital Management now owns 10,075 shares of the company’s stock valued at $1,023,000 after purchasing an additional 1,879 shares in the last quarter.

Invesco Aerospace & Defense ETF Price Performance

PPA stock opened at $103.34 on Friday. The business has a fifty day moving average price of $103.75 and a 200 day moving average price of $98.36. Invesco Aerospace & Defense ETF has a fifty-two week low of $77.50 and a fifty-two week high of $105.81. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 33.87 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.