Park Avenue Securities LLC Takes Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Park Avenue Securities LLC bought a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the 4th quarter, HoldingsChannel reports. The firm bought 8,148 shares of the company’s stock, valued at approximately $935,000.

Other institutional investors have also modified their holdings of the company. FMR LLC boosted its position in Invesco Aerospace & Defense ETF by 26.6% during the third quarter. FMR LLC now owns 7,061 shares of the company’s stock worth $812,000 after acquiring an additional 1,482 shares during the last quarter. Beck Capital Management LLC boosted its position in Invesco Aerospace & Defense ETF by 1.4% during the second quarter. Beck Capital Management LLC now owns 69,570 shares of the company’s stock worth $7,146,000 after acquiring an additional 985 shares during the last quarter. Zacks Investment Management boosted its position in Invesco Aerospace & Defense ETF by 5.1% during the third quarter. Zacks Investment Management now owns 2,627 shares of the company’s stock worth $302,000 after acquiring an additional 127 shares during the last quarter. Quantinno Capital Management LP boosted its position in Invesco Aerospace & Defense ETF by 171.9% during the third quarter. Quantinno Capital Management LP now owns 14,268 shares of the company’s stock worth $1,640,000 after acquiring an additional 9,020 shares during the last quarter. Finally, Raymond James & Associates boosted its position in Invesco Aerospace & Defense ETF by 20.8% during the third quarter. Raymond James & Associates now owns 292,618 shares of the company’s stock worth $33,642,000 after acquiring an additional 50,360 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of PPA stock opened at $119.51 on Tuesday. The firm’s 50-day moving average is $117.85 and its two-hundred day moving average is $113.91. Invesco Aerospace & Defense ETF has a 12 month low of $89.17 and a 12 month high of $124.89. The company has a market capitalization of $3.72 billion, a PE ratio of 33.87 and a beta of 0.73.

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.