Howard Financial Services LTD. Invests $286,000 in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Howard Financial Services LTD. purchased a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,490 shares of the company’s stock, valued at approximately $286,000.

Other institutional investors also recently bought and sold shares of the company. Howe & Rusling Inc. purchased a new position in shares of Invesco Aerospace & Defense ETF in the 3rd quarter valued at $27,000. Glass Jacobson Investment Advisors llc grew its holdings 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 worth $35,000 after purchasing an additional 102 shares during the last quarter. Eastern Bank acquired a new stake in shares of Invesco Aerospace & Defense ETF during the third quarter worth about $46,000. Assetmark Inc. purchased a new stake in shares of Invesco Aerospace & Defense ETF in the 3rd quarter valued at about $54,000. Finally, Continuum Advisory LLC boosted its position in shares of Invesco Aerospace & Defense ETF by 47.6% in the 3rd quarter. Continuum Advisory LLC now owns 465 shares of the company’s stock valued at $55,000 after purchasing an additional 150 shares during the period.

Invesco Aerospace & Defense ETF Stock Up 0.7 %

NYSEARCA:PPA opened at $119.51 on Friday. Invesco Aerospace & Defense ETF has a 52-week low of $89.17 and a 52-week high of $124.89. The stock’s 50 day moving average price is $117.95 and its 200 day moving average price is $113.65. The company has a market capitalization of $3.72 billion, a PE ratio of 33.87 and a beta of 0.73.

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.