Gladstone Institutional Advisory LLC Buys 359 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Gladstone Institutional Advisory LLC lifted its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,591 shares of the company’s stock after buying an additional 359 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Invesco Aerospace & Defense ETF were worth $1,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Invesco Aerospace & Defense ETF Price Performance

NYSEARCA:PPA opened at $117.92 on Friday. The firm’s 50-day moving average price is $118.04 and its 200-day moving average price is $115.69. The company has a market capitalization of $3.67 billion, a PE ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 1-year low of $94.10 and a 1-year 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.