8,504 Shares in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Bought by Marshall Investment Management LLC

Marshall Investment Management LLC bought a new position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,504 shares of the company’s stock, valued at approximately $978,000.

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

Invesco Aerospace & Defense ETF Price Performance

Invesco Aerospace & Defense ETF stock opened at $114.09 on Friday. The firm has a 50-day moving average of $117.82 and a 200-day moving average of $116.20. Invesco Aerospace & Defense ETF has a one year low of $95.63 and a one year high of $124.89. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 27.41 and a beta of 0.96.

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.