Zacks Investment Management Buys 127 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Zacks Investment Management grew its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 5.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 2,627 shares of the company’s stock after acquiring an additional 127 shares during the quarter. Zacks Investment Management’s holdings in Invesco Aerospace & Defense ETF were worth $302,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Howe & Rusling Inc. acquired a new stake in shares of Invesco Aerospace & Defense ETF during the third quarter worth about $27,000. Eastern Bank bought a new position in shares of Invesco Aerospace & Defense ETF during the 3rd quarter worth approximately $46,000. Assetmark Inc. bought a new position in shares of Invesco Aerospace & Defense ETF during the 3rd quarter worth approximately $54,000. ORG Partners LLC boosted its stake in Invesco Aerospace & Defense ETF by 2,650.0% in the 3rd quarter. ORG Partners LLC now owns 550 shares of the company’s stock valued at $63,000 after purchasing an additional 530 shares during the period. Finally, Signaturefd LLC boosted its stake in Invesco Aerospace & Defense ETF by 19.2% in 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.

Invesco Aerospace & Defense ETF Stock Performance

NYSEARCA:PPA opened at $118.39 on Wednesday. The stock has a fifty day moving average price of $118.50 and a 200-day moving average price of $111.32. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a fifty-two week low of $88.87 and a fifty-two week high of $124.89.

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.