Tempus Wealth Planning LLC Purchases 12,740 Shares of Invesco Aerospace & Defense ETF $PPA

Tempus Wealth Planning LLC grew its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 348.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 16,395 shares of the company’s stock after purchasing an additional 12,740 shares during the period. Tempus Wealth Planning LLC’s holdings in Invesco Aerospace & Defense ETF were worth $2,549,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Evolution Wealth Management Inc. bought a new position in Invesco Aerospace & Defense ETF in the second quarter valued at about $26,000. Briaud Financial Planning Inc bought a new position in shares of Invesco Aerospace & Defense ETF in the 2nd quarter valued at about $27,000. Binnacle Investments Inc grew its position in shares of Invesco Aerospace & Defense ETF by 84.2% during the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock worth $30,000 after buying an additional 96 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Invesco Aerospace & Defense ETF during the second quarter worth approximately $43,000. Finally, Rossmore Private Capital acquired a new position in Invesco Aerospace & Defense ETF in the third quarter valued at approximately $54,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA stock opened at $175.26 on Monday. The firm’s 50 day moving average price is $164.61 and its two-hundred day moving average price is $155.79. The stock has a market cap of $7.85 billion, a PE ratio of 30.91 and a beta of 0.87. Invesco Aerospace & Defense ETF has a 52-week low of $100.39 and a 52-week high of $181.31.

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. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.