Prospera Financial Services Inc Has $1.13 Million Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Prospera Financial Services Inc grew its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 7.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,846 shares of the company’s stock after buying an additional 670 shares during the period. Prospera Financial Services Inc’s holdings in Invesco Aerospace & Defense ETF were worth $1,134,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Great Valley Advisor Group Inc. raised its stake in Invesco Aerospace & Defense ETF by 68.4% during the second quarter. Great Valley Advisor Group Inc. now owns 32,754 shares of the company’s stock worth $3,365,000 after buying an additional 13,308 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in shares of Invesco Aerospace & Defense ETF in the 2nd quarter valued at about $230,000. PFG Investments LLC boosted its position in shares of Invesco Aerospace & Defense ETF by 23.1% during the 2nd quarter. PFG Investments LLC now owns 7,882 shares of the company’s stock valued at $810,000 after purchasing an additional 1,480 shares in the last quarter. Raymond James & Associates grew its stake in Invesco Aerospace & Defense ETF by 13.5% during the second quarter. Raymond James & Associates now owns 242,258 shares of the company’s stock worth $24,885,000 after purchasing an additional 28,902 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in Invesco Aerospace & Defense ETF in the first quarter worth approximately $233,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA opened at $121.04 on Friday. The firm has a market cap of $3.77 billion, a PE ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 52-week low of $86.53 and a 52-week high of $124.89. The business’s 50 day moving average price is $116.76 and its two-hundred day moving average price is $109.83.

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.