Mirae Asset Global Investments Co. Ltd. Takes Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Mirae Asset Global Investments Co. Ltd. purchased a new position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 80,973 shares of the company’s stock, valued at approximately $9,263,000.

Several other institutional investors also recently modified their holdings of the business. Beacon Capital Management LLC grew its holdings in Invesco Aerospace & Defense ETF by 31.6% in 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. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Invesco Aerospace & Defense ETF in the 2nd quarter worth approximately $42,000. Eastern Bank purchased a new stake in shares of Invesco Aerospace & Defense ETF in the 3rd quarter worth approximately $46,000. EverSource Wealth Advisors LLC bought a new position in Invesco Aerospace & Defense ETF during the 1st quarter valued at approximately $54,000. Finally, ORG Partners LLC raised its stake 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 valued at $63,000 after buying an additional 530 shares during the last quarter.

Invesco Aerospace & Defense ETF Trading Up 0.2 %

NYSEARCA PPA opened at $116.64 on Monday. Invesco Aerospace & Defense ETF has a 12 month low of $79.33 and a 12 month high of $120.16. The stock’s fifty day moving average price is $113.88 and its 200-day moving average price is $107.50. 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 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.