Central Valley Advisors LLC Invests $348,000 in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Central Valley Advisors LLC acquired a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,026 shares of the company’s stock, valued at approximately $348,000.

Other institutional investors have also added to or reduced their stakes in the company. Beacon Capital Management LLC boosted its position in shares of Invesco Aerospace & Defense ETF by 31.6% in the first quarter. Beacon Capital Management LLC now owns 416 shares of the company’s stock valued at $42,000 after acquiring an additional 100 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in Invesco Aerospace & Defense ETF in the 2nd quarter valued at $42,000. Creekmur Asset Management LLC purchased a new position in shares of Invesco Aerospace & Defense ETF during the 4th quarter valued at $44,000. EverSource Wealth Advisors LLC bought a new position in shares of Invesco Aerospace & Defense ETF in the first quarter worth $54,000. Finally, Signaturefd LLC raised its position in shares of Invesco Aerospace & Defense ETF by 19.2% in the second quarter. Signaturefd LLC now owns 664 shares of the company’s stock worth $68,000 after buying an additional 107 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Invesco Aerospace & Defense ETF stock traded up $1.27 during midday trading on Friday, hitting $116.38. 216,306 shares of the company’s stock were exchanged, compared to its average volume of 166,742. The stock has a 50-day moving average price of $110.80 and a two-hundred day moving average price of $105.63. Invesco Aerospace & Defense ETF has a 52-week low of $77.50 and a 52-week high of $116.51. The company has a market cap of $3.63 billion, a P/E ratio of 33.87 and a beta of 0.73.

About Invesco Aerospace & Defense ETF

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.