Thrivent Financial for Lutherans Raises Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Thrivent Financial for Lutherans raised its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 34.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,531 shares of the company’s stock after acquiring an additional 2,694 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Invesco Aerospace & Defense ETF were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Beacon Capital Management LLC raised its position in shares of Invesco Aerospace & Defense ETF by 31.6% during the 1st quarter. Beacon Capital Management LLC now owns 416 shares of the company’s stock valued at $42,000 after purchasing an additional 100 shares during the period. Signaturefd LLC raised its position in shares of Invesco Aerospace & Defense ETF by 19.2% during the 2nd quarter. Signaturefd LLC now owns 664 shares of the company’s stock valued at $68,000 after purchasing an additional 107 shares during the period. Arkadios Wealth Advisors raised its position in shares of Invesco Aerospace & Defense ETF by 2.0% during the 1st quarter. Arkadios Wealth Advisors now owns 7,269 shares of the company’s stock valued at $738,000 after purchasing an additional 140 shares during the period. Bright Futures Wealth Management LLC. raised its position in shares of Invesco Aerospace & Defense ETF by 1.8% during the 2nd quarter. Bright Futures Wealth Management LLC. now owns 8,635 shares of the company’s stock valued at $909,000 after purchasing an additional 155 shares during the period. Finally, XML Financial LLC raised its position in shares of Invesco Aerospace & Defense ETF by 6.6% during the 2nd quarter. XML Financial LLC now owns 3,113 shares of the company’s stock valued at $320,000 after purchasing an additional 192 shares during the period.

Invesco Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA PPA opened at $116.38 on Friday. The company has a market cap of $3.63 billion, a P/E ratio of 33.87 and a beta of 0.73. The firm’s fifty day moving average is $110.80 and its two-hundred day moving average is $105.68. Invesco Aerospace & Defense ETF has a 52-week low of $77.50 and a 52-week high of $116.51.

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.