Raymond James & Associates Grows Stock Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Raymond James & Associates grew its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 20.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 292,618 shares of the company’s stock after buying an additional 50,360 shares during the quarter. Raymond James & Associates’ holdings in Invesco Aerospace & Defense ETF were worth $33,642,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Invesco Aerospace & Defense ETF during the 2nd quarter valued at approximately $42,000. Beacon Capital Management LLC boosted its stake in shares of Invesco Aerospace & Defense ETF by 31.6% during the 1st quarter. Beacon Capital Management LLC now owns 416 shares of the company’s stock valued at $42,000 after buying an additional 100 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of Invesco Aerospace & Defense ETF during the 1st quarter valued at approximately $54,000. ORG Partners LLC boosted its stake in shares of Invesco Aerospace & Defense ETF by 2,650.0% during the 3rd quarter. ORG Partners LLC now owns 550 shares of the company’s stock valued at $63,000 after buying an additional 530 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Invesco Aerospace & Defense ETF by 19.2% during the 2nd quarter. Signaturefd LLC now owns 664 shares of the company’s stock valued at $68,000 after acquiring an additional 107 shares in the last quarter.

Invesco Aerospace & Defense ETF Trading Down 0.1 %

PPA stock opened at $117.16 on Thursday. The firm has a market cap of $3.65 billion, a P/E ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 12-month low of $79.33 and a 12-month high of $120.16. The stock’s 50 day simple moving average is $113.63 and its 200 day simple moving average is $107.23.

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.