Financial Partners Group Inc Has $2.42 Million Stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Financial Partners Group Inc boosted its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 44.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,009 shares of the company’s stock after purchasing an additional 6,447 shares during the quarter. Financial Partners Group Inc’s holdings in Invesco Aerospace & Defense ETF were worth $2,415,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Beacon Capital Management LLC boosted its position in shares of Invesco Aerospace & Defense ETF by 31.6% during the first quarter. Beacon Capital Management LLC now owns 416 shares of the company’s stock worth $42,000 after purchasing an additional 100 shares in the last quarter. Signaturefd LLC lifted its holdings in Invesco Aerospace & Defense ETF by 19.2% during the second quarter. Signaturefd LLC now owns 664 shares of the company’s stock worth $68,000 after acquiring an additional 107 shares in the last quarter. New Century Financial Group LLC grew its stake in Invesco Aerospace & Defense ETF by 1.2% in the third quarter. New Century Financial Group LLC now owns 10,010 shares of the company’s stock valued at $1,151,000 after acquiring an additional 117 shares during the period. Bright Futures Wealth Management LLC. increased its holdings in shares of Invesco Aerospace & Defense ETF by 1.8% in the second quarter. Bright Futures Wealth Management LLC. now owns 8,635 shares of the company’s stock worth $909,000 after acquiring an additional 155 shares in the last quarter. Finally, Gateway Wealth Partners LLC raised its position in shares of Invesco Aerospace & Defense ETF by 5.0% during the third quarter. Gateway Wealth Partners LLC now owns 3,225 shares of the company’s stock worth $371,000 after purchasing an additional 155 shares during the period.

Invesco Aerospace & Defense ETF Stock Performance

PPA stock traded up $1.38 during mid-day trading on Tuesday, hitting $115.94. 31,618 shares of the company were exchanged, compared to its average volume of 166,922. Invesco Aerospace & Defense ETF has a 1-year low of $83.32 and a 1-year high of $120.16. The firm’s 50 day simple moving average is $114.40 and its 200 day simple moving average is $108.20. The firm has a market cap of $3.61 billion, a P/E ratio of 33.87 and a beta of 0.73.

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.