Janney Montgomery Scott LLC Invests $9.78 Million in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Janney Montgomery Scott LLC bought a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the third quarter, HoldingsChannel reports. The firm bought 85,019 shares of the company’s stock, valued at approximately $9,775,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Eastern Bank acquired a new stake in Invesco Aerospace & Defense ETF in the third quarter valued at $46,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Invesco Aerospace & Defense ETF in the 2nd quarter valued at about $42,000. Beacon Capital Management LLC grew its holdings in Invesco Aerospace & Defense ETF by 31.6% during the first quarter. Beacon Capital Management LLC now owns 416 shares of the company’s stock worth $42,000 after purchasing an additional 100 shares during the period. EverSource Wealth Advisors LLC acquired a new position in Invesco Aerospace & Defense ETF during the first quarter worth approximately $54,000. Finally, ORG Partners LLC increased its position in Invesco Aerospace & Defense ETF by 2,650.0% during the third quarter. ORG Partners LLC now owns 550 shares of the company’s stock worth $63,000 after buying an additional 530 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Down 0.5 %

PPA opened at $119.64 on Friday. Invesco Aerospace & Defense ETF has a 12-month low of $83.32 and a 12-month high of $120.89. The business has a 50 day moving average of $114.81 and a 200-day moving average of $108.49. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73.

Invesco Aerospace & Defense ETF Company 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.