Prasad Wealth Partners LLC Acquires Shares of 59,514 Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Prasad Wealth Partners LLC acquired a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 59,514 shares of the company’s stock, valued at approximately $6,828,000. Invesco Aerospace & Defense ETF accounts for about 2.2% of Prasad Wealth Partners LLC’s investment portfolio, making the stock its 20th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC bought a new stake in Invesco Aerospace & Defense ETF in the 4th quarter valued at about $935,000. FMR LLC boosted its holdings in Invesco Aerospace & Defense ETF by 26.6% in the 3rd quarter. FMR LLC now owns 7,061 shares of the company’s stock valued at $812,000 after purchasing an additional 1,482 shares during the period. JPMorgan Chase & Co. boosted its holdings in Invesco Aerospace & Defense ETF by 87.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,218 shares of the company’s stock valued at $1,865,000 after purchasing an additional 7,555 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Invesco Aerospace & Defense ETF by 7.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 91,667 shares of the company’s stock valued at $10,517,000 after buying an additional 6,648 shares in the last quarter. Finally, Zacks Investment Management raised its position in shares of Invesco Aerospace & Defense ETF by 5.1% in the 3rd quarter. Zacks Investment Management now owns 2,627 shares of the company’s stock valued at $302,000 after buying an additional 127 shares in the last quarter.

Invesco Aerospace & Defense ETF Trading Down 0.1 %

Shares of NYSEARCA:PPA opened at $114.00 on Tuesday. The firm has a 50 day moving average of $117.72 and a 200-day moving average of $116.33. The stock has a market capitalization of $4.58 billion, a PE ratio of 27.41 and a beta of 0.96. Invesco Aerospace & Defense ETF has a 12 month low of $96.25 and a 12 month high of $124.89.

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.