SteelPeak Wealth LLC Takes $299,000 Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

SteelPeak Wealth LLC acquired a new position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,605 shares of the company’s stock, valued at approximately $299,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Howe & Rusling Inc. acquired a new stake in shares of Invesco Aerospace & Defense ETF in the third quarter worth $27,000. Glass Jacobson Investment Advisors llc lifted its stake in Invesco Aerospace & Defense ETF by 50.5% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock worth $35,000 after acquiring an additional 102 shares in the last quarter. Eastern Bank acquired a new stake in Invesco Aerospace & Defense ETF during the 3rd quarter worth about $46,000. Assetmark Inc. purchased a new position in Invesco Aerospace & Defense ETF during the 3rd quarter valued at about $54,000. Finally, Continuum Advisory LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 47.6% in the 3rd quarter. Continuum Advisory LLC now owns 465 shares of the company’s stock valued at $55,000 after purchasing an additional 150 shares during the period.

Invesco Aerospace & Defense ETF Stock Performance

PPA stock opened at $120.87 on Friday. The firm has a 50 day simple moving average of $118.14 and a 200 day simple moving average of $114.75. Invesco Aerospace & Defense ETF has a 52 week low of $90.93 and a 52 week high of $124.89. The stock has a market cap of $3.77 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.