Bright Futures Wealth Management LLC. Purchases 155 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Bright Futures Wealth Management LLC. increased its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,635 shares of the company’s stock after buying an additional 155 shares during the quarter. Bright Futures Wealth Management LLC.’s holdings in Invesco Aerospace & Defense ETF were worth $909,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its position in shares of Invesco Aerospace & Defense ETF by 1,146.0% in the first quarter. Cetera Investment Advisers now owns 225,518 shares of the company’s stock valued at $22,906,000 after acquiring an additional 207,419 shares during the period. Greenlight Capital Inc. purchased a new position in Invesco Aerospace & Defense ETF during the 4th quarter valued at about $17,098,000. Stifel Financial Corp raised its position in Invesco Aerospace & Defense ETF by 171.0% during the 4th quarter. Stifel Financial Corp now owns 186,926 shares of the company’s stock valued at $17,228,000 after purchasing an additional 117,940 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Invesco Aerospace & Defense ETF by 32.4% in the 4th quarter. Wells Fargo & Company MN now owns 469,209 shares of the company’s stock worth $43,242,000 after buying an additional 114,843 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Invesco Aerospace & Defense ETF by 66.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 214,902 shares of the company’s stock worth $19,805,000 after buying an additional 86,117 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

PPA opened at $109.96 on Tuesday. The stock has a market capitalization of $3.43 billion, a PE ratio of 33.87 and a beta of 0.73. The stock’s 50 day moving average price is $107.43 and its 200-day moving average price is $103.62. Invesco Aerospace & Defense ETF has a 52-week low of $77.50 and a 52-week high of $113.60.

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.