Advyzon Investment Management LLC Buys New Shares in Invesco Aerospace & Defense ETF $PPA

Advyzon Investment Management LLC purchased a new position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 30,158 shares of the company’s stock, valued at approximately $4,688,000. Invesco Aerospace & Defense ETF accounts for 0.8% of Advyzon Investment Management LLC’s holdings, making the stock its 26th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evolution Wealth Management Inc. acquired a new position in shares of Invesco Aerospace & Defense ETF during the second quarter valued at about $26,000. BOK Financial Private Wealth Inc. grew its stake in shares of Invesco Aerospace & Defense ETF by 84.2% in the 3rd quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock valued at $27,000 after buying an additional 80 shares during the period. Binnacle Investments Inc increased its position in Invesco Aerospace & Defense ETF by 84.2% in the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock valued at $30,000 after buying an additional 96 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in Invesco Aerospace & Defense ETF during the 2nd quarter worth approximately $43,000. Finally, Rossmore Private Capital acquired a new position in Invesco Aerospace & Defense ETF during the 3rd quarter worth approximately $54,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA:PPA opened at $180.62 on Friday. Invesco Aerospace & Defense ETF has a 52-week low of $100.39 and a 52-week high of $182.44. The business’s 50 day simple moving average is $169.74 and its two-hundred day simple moving average is $157.78. The firm has a market cap of $8.09 billion, a P/E ratio of 30.91 and a beta of 0.87.

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. 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.