Financial Management Professionals Inc. Makes New $2.76 Million Investment in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Financial Management Professionals Inc. bought a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 35,183 shares of the company’s stock, valued at approximately $2,758,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PPA. Jane Street Group LLC purchased a new position in shares of Invesco Aerospace & Defense ETF in the 1st quarter valued at approximately $7,249,000. UBS Group AG grew its stake in shares of Invesco Aerospace & Defense ETF by 125.9% in the 1st quarter. UBS Group AG now owns 155,536 shares of the company’s stock valued at $12,182,000 after purchasing an additional 86,680 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Invesco Aerospace & Defense ETF by 28.6% in the 2nd quarter. Wells Fargo & Company MN now owns 186,587 shares of the company’s stock valued at $13,078,000 after purchasing an additional 41,488 shares during the last quarter. LPL Financial LLC grew its stake in shares of Invesco Aerospace & Defense ETF by 9.2% in the 2nd quarter. LPL Financial LLC now owns 408,092 shares of the company’s stock valued at $28,603,000 after purchasing an additional 34,483 shares during the last quarter. Finally, Karp Capital Management Corp grew its stake in shares of Invesco Aerospace & Defense ETF by 26.2% in the 3rd quarter. Karp Capital Management Corp now owns 165,434 shares of the company’s stock valued at $10,674,000 after purchasing an additional 34,358 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of PPA stock traded down $1.66 during midday trading on Friday, hitting $77.02. The company had a trading volume of 73,442 shares, compared to its average volume of 168,453. The company’s 50 day simple moving average is $80.02 and its 200 day simple moving average is $76.16. Invesco Aerospace & Defense ETF has a 52-week low of $64.48 and a 52-week high of $82.61. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 24.91 and a beta of 1.02.

Invesco Aerospace & Defense ETF Company Profile

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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.