Detalus Advisors LLC Raises Stock Holdings in Invesco Aerospace & Defense ETF $PPA

Detalus Advisors LLC grew its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 30.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,266 shares of the company’s stock after acquiring an additional 9,978 shares during the quarter. Invesco Aerospace & Defense ETF comprises approximately 1.6% of Detalus Advisors LLC’s portfolio, making the stock its 12th biggest position. Detalus Advisors LLC owned approximately 0.09% of Invesco Aerospace & Defense ETF worth $7,169,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Bank of Montreal Can boosted its stake in Invesco Aerospace & Defense ETF by 0.4% during the 4th quarter. Bank of Montreal Can now owns 13,265 shares of the company’s stock worth $2,078,000 after purchasing an additional 58 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in shares of Invesco Aerospace & Defense ETF by 0.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,481 shares of the company’s stock valued at $1,328,000 after buying an additional 60 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Invesco Aerospace & Defense ETF by 0.5% in the fourth quarter. Sanctuary Advisors LLC now owns 11,237 shares of the company’s stock valued at $1,760,000 after buying an additional 61 shares during the last quarter. Advisors Capital Management LLC boosted its stake in shares of Invesco Aerospace & Defense ETF by 2.3% during the fourth quarter. Advisors Capital Management LLC now owns 2,731 shares of the company’s stock worth $428,000 after buying an additional 62 shares during the period. Finally, Vontobel Holding Ltd. boosted its stake in shares of Invesco Aerospace & Defense ETF by 3.0% during the fourth quarter. Vontobel Holding Ltd. now owns 2,134 shares of the company’s stock worth $334,000 after buying an additional 63 shares during the period.

Invesco Aerospace & Defense ETF Price Performance

NYSEARCA PPA opened at $171.54 on Monday. Invesco Aerospace & Defense ETF has a 52-week low of $138.83 and a 52-week high of $186.30. The business’s 50-day moving average price is $170.93 and its 200 day moving average price is $171.03. The firm has a market cap of $8.20 billion, a P/E ratio of 30.91 and a beta of 0.73.

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.