Valmark Advisers Inc. Has $453,000 Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Valmark Advisers Inc. raised its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 21.2% in the fourth quarter, Holdings Channel reports. The fund owned 3,945 shares of the company’s stock after acquiring an additional 689 shares during the period. Valmark Advisers Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $453,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PPA. Creative Planning lifted its holdings in Invesco Aerospace & Defense ETF by 305.2% during the 3rd quarter. Creative Planning now owns 15,606 shares of the company’s stock valued at $1,794,000 after purchasing an additional 11,755 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Invesco Aerospace & Defense ETF by 20.8% during the third quarter. Raymond James & Associates now owns 292,618 shares of the company’s stock worth $33,642,000 after buying an additional 50,360 shares in the last quarter. Eastern Bank bought a new position in shares of Invesco Aerospace & Defense ETF in the third quarter valued at approximately $46,000. WT Wealth Management boosted its holdings in shares of Invesco Aerospace & Defense ETF by 1.1% in the 3rd quarter. WT Wealth Management now owns 35,829 shares of the company’s stock worth $4,274,000 after acquiring an additional 403 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 25.6% in the 3rd quarter. Private Advisor Group LLC now owns 67,007 shares of the company’s stock worth $7,704,000 after acquiring an additional 13,640 shares in the last quarter.

Invesco Aerospace & Defense ETF Price Performance

PPA stock opened at $118.08 on Wednesday. The business has a fifty day moving average price of $117.92 and a 200 day moving average price of $115.93. Invesco Aerospace & Defense ETF has a fifty-two week low of $94.91 and a fifty-two week high of $124.89. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73.

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.