Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPAFree Report) by 87.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,218 shares of the company’s stock after buying an additional 7,555 shares during the quarter. JPMorgan Chase & Co.’s holdings in Invesco Aerospace & Defense ETF were worth $1,865,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Howe & Rusling Inc. acquired a new position in Invesco Aerospace & Defense ETF during the 3rd quarter worth $27,000. Glass Jacobson Investment Advisors llc raised its stake in shares of Invesco Aerospace & Defense ETF by 50.5% during the third quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock valued at $35,000 after purchasing an additional 102 shares in the last quarter. Eastern Bank acquired a new stake in Invesco Aerospace & Defense ETF in the third quarter worth about $46,000. Assetmark Inc. bought a new position in Invesco Aerospace & Defense ETF in the 3rd quarter valued at about $54,000. Finally, Continuum Advisory LLC increased its stake in Invesco Aerospace & Defense ETF by 47.6% during the 3rd quarter. Continuum Advisory LLC now owns 465 shares of the company’s stock valued at $55,000 after buying an additional 150 shares during the period.

Invesco Aerospace & Defense ETF Trading Down 0.3 %

Shares of NYSEARCA:PPA opened at $122.68 on Thursday. The company has a 50 day moving average of $117.84 and a 200-day moving average of $114.11. The firm has a market cap of $3.82 billion, a P/E ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a twelve month low of $89.74 and a twelve month high of $124.89.

Invesco Aerospace & Defense ETF Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding PPA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Aerospace & Defense ETF (NYSEARCA:PPAFree Report).

Institutional Ownership by Quarter for Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Receive News & Ratings for Invesco Aerospace & Defense ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Aerospace & Defense ETF and related companies with MarketBeat.com's FREE daily email newsletter.