Intellus Advisors LLC Takes Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Intellus Advisors LLC bought a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 66,090 shares of the company’s stock, valued at approximately $7,583,000. Invesco Aerospace & Defense ETF makes up about 1.3% of Intellus Advisors LLC’s investment portfolio, making the stock its 25th biggest position.

A number of other hedge funds also recently modified their holdings of the stock. Runnymede Capital Advisors Inc. bought a new position in Invesco Aerospace & Defense ETF in the fourth quarter valued at approximately $25,000. Holderness Investments Co. acquired a new stake in shares of Invesco Aerospace & Defense ETF in the 4th quarter valued at $257,000. Thrivent Financial for Lutherans increased its stake in shares of Invesco Aerospace & Defense ETF by 17.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 13,778 shares of the company’s stock valued at $1,581,000 after purchasing an additional 2,009 shares during the last quarter. Harbour Investments Inc. raised its holdings in shares of Invesco Aerospace & Defense ETF by 129.0% during the 4th quarter. Harbour Investments Inc. now owns 19,565 shares of the company’s stock worth $2,245,000 after buying an additional 11,021 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 2,892.3% during the 4th quarter. Corient Private Wealth LLC now owns 57,453 shares of the company’s stock worth $6,592,000 after buying an additional 55,533 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Down 0.6 %

NYSEARCA:PPA opened at $117.52 on Friday. The firm has a market capitalization of $4.63 billion, a PE ratio of 27.08 and a beta of 0.95. Invesco Aerospace & Defense ETF has a twelve month low of $97.64 and a twelve month high of $124.89. The stock’s 50-day simple moving average is $117.84 and its 200 day simple moving average is $116.93.

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.