Raymond James & Associates Boosts Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Raymond James & Associates increased its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 20.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 292,618 shares of the company’s stock after buying an additional 50,360 shares during the period. Raymond James & Associates owned 0.94% of Invesco Aerospace & Defense ETF worth $33,642,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. LPL Financial LLC increased its position in Invesco Aerospace & Defense ETF by 15.6% during the 2nd quarter. LPL Financial LLC now owns 1,372,803 shares of the company’s stock valued at $141,014,000 after purchasing an additional 184,961 shares during the period. Miracle Mile Advisors LLC increased its position in Invesco Aerospace & Defense ETF by 2.8% during the 2nd quarter. Miracle Mile Advisors LLC now owns 581,554 shares of the company’s stock valued at $59,737,000 after purchasing an additional 15,567 shares during the period. Axxcess Wealth Management LLC increased its position in Invesco Aerospace & Defense ETF by 6.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 336,088 shares of the company’s stock valued at $34,523,000 after purchasing an additional 20,857 shares during the period. Capital Asset Advisory Services LLC increased its position in Invesco Aerospace & Defense ETF by 17.1% during the 1st quarter. Capital Asset Advisory Services LLC now owns 311,075 shares of the company’s stock valued at $31,565,000 after purchasing an additional 45,477 shares during the period. Finally, Cetera Investment Advisers increased its position in Invesco Aerospace & Defense ETF by 8.2% during the 2nd quarter. Cetera Investment Advisers now owns 244,062 shares of the company’s stock valued at $25,070,000 after purchasing an additional 18,544 shares during the period.

Invesco Aerospace & Defense ETF Stock Down 0.1 %

Shares of Invesco Aerospace & Defense ETF stock opened at $117.16 on Thursday. The firm’s 50 day moving average price is $113.63 and its 200-day moving average price is $107.23. Invesco Aerospace & Defense ETF has a 52-week low of $79.33 and a 52-week high of $120.16. The company has a market cap of $3.65 billion, a P/E ratio of 33.87 and a beta of 0.73.

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.