Mirae Asset Global Investments Co. Ltd. Makes New $9.26 Million Investment in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 80,973 shares of the company’s stock, valued at approximately $9,263,000. Mirae Asset Global Investments Co. Ltd. owned about 0.26% of Invesco Aerospace & Defense ETF at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Beacon Capital Management LLC raised its position in 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 purchasing an additional 100 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Invesco Aerospace & Defense ETF in the second quarter worth $42,000. Eastern Bank bought a new stake in Invesco Aerospace & Defense ETF in the third quarter valued at $46,000. EverSource Wealth Advisors LLC purchased a new position in Invesco Aerospace & Defense ETF during the 1st quarter valued at $54,000. Finally, ORG Partners LLC increased its position in 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 purchasing an additional 530 shares during the period.

Invesco Aerospace & Defense ETF Trading Up 0.2 %

Shares of NYSEARCA PPA opened at $116.64 on Monday. The firm has a fifty day simple moving average of $113.88 and a two-hundred day simple moving average of $107.50. The firm has a market capitalization of $3.63 billion, a PE 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.

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.