Ellis Investment Partners LLC Acquires 607 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Ellis Investment Partners LLC increased its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 3.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,439 shares of the company’s stock after buying an additional 607 shares during the quarter. Ellis Investment Partners LLC owned 0.05% of Invesco Aerospace & Defense ETF worth $1,890,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PPA. Beacon Capital Management LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 31.6% during the 1st quarter. Beacon Capital Management LLC now owns 416 shares of the company’s stock worth $42,000 after buying an additional 100 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Invesco Aerospace & Defense ETF during the 2nd quarter worth $42,000. Eastern Bank bought a new stake in shares of Invesco Aerospace & Defense ETF during the 3rd quarter worth $46,000. EverSource Wealth Advisors LLC bought a new stake in shares of Invesco Aerospace & Defense ETF during the 1st quarter worth $54,000. Finally, ORG Partners LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 2,650.0% during the 3rd 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 Price Performance

Shares of PPA stock traded up $0.22 on Friday, hitting $116.64. 110,007 shares of the company’s stock were exchanged, compared to its average volume of 168,242. The stock has a market cap of $3.63 billion, a P/E ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 12 month low of $79.33 and a 12 month high of $120.16. The company has a 50 day moving average of $113.88 and a 200 day moving average of $107.45.

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.