JPMorgan Chase & Co. raised its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Free 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
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.
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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:PPA – Free Report).
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