Capital Asset Advisory Services LLC Increases Stock Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Capital Asset Advisory Services LLC grew its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 347,703 shares of the company’s stock after purchasing an additional 7,007 shares during the period. Invesco Aerospace & Defense ETF comprises about 2.0% of Capital Asset Advisory Services LLC’s portfolio, making the stock its 12th largest holding. Capital Asset Advisory Services LLC’s holdings in Invesco Aerospace & Defense ETF were worth $40,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC grew its position in Invesco Aerospace & Defense ETF by 1.5% during the third quarter. LPL Financial LLC now owns 1,392,972 shares of the company’s stock valued at $160,150,000 after buying an additional 20,169 shares during the period. Axxcess Wealth Management LLC boosted its position in Invesco Aerospace & Defense ETF by 3.3% during the third quarter. Axxcess Wealth Management LLC now owns 347,210 shares of the company’s stock worth $39,919,000 after purchasing an additional 11,122 shares during the period. Raymond James & Associates boosted its position in Invesco Aerospace & Defense ETF by 20.8% during the third quarter. Raymond James & Associates now owns 292,618 shares of the company’s stock worth $33,642,000 after purchasing an additional 50,360 shares during the period. International Assets Investment Management LLC boosted its position in Invesco Aerospace & Defense ETF by 10,225.1% during the third quarter. International Assets Investment Management LLC now owns 278,674 shares of the company’s stock worth $32,039,000 after purchasing an additional 275,975 shares during the period. Finally, Cetera Investment Advisers boosted its position in Invesco Aerospace & Defense ETF by 8.2% during the second quarter. Cetera Investment Advisers now owns 244,062 shares of the company’s stock worth $25,070,000 after purchasing an additional 18,544 shares during the period.

Invesco Aerospace & Defense ETF Stock Down 0.9 %

Shares of NYSEARCA:PPA opened at $122.21 on Monday. The firm has a market capitalization of $3.81 billion, a PE 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. The company has a 50-day moving average price of $118.02 and a two-hundred day moving average price of $114.46.

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.