Orion Portfolio Solutions LLC Grows Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Orion Portfolio Solutions LLC grew its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 34.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,678 shares of the company’s stock after acquiring an additional 1,464 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Invesco Aerospace & Defense ETF were worth $653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. grew its position in Invesco Aerospace & Defense ETF by 170.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,424 shares of the company’s stock worth $660,000 after purchasing an additional 4,048 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Invesco Aerospace & Defense ETF by 13.5% in the second quarter. Raymond James & Associates now owns 242,258 shares of the company’s stock valued at $24,885,000 after acquiring an additional 28,902 shares in the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF during the second quarter valued at approximately $2,504,000. Legacy Capital Group California Inc. bought a new stake in Invesco Aerospace & Defense ETF during the second quarter worth $280,000. Finally, Atria Wealth Solutions Inc. boosted its position in Invesco Aerospace & Defense ETF by 7.5% in the second quarter. Atria Wealth Solutions Inc. now owns 31,203 shares of the company’s stock worth $3,205,000 after purchasing an additional 2,185 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of Invesco Aerospace & Defense ETF stock opened at $118.84 on Tuesday. The firm has a market cap of $3.70 billion, a PE ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 1 year low of $88.87 and a 1 year high of $124.89. The stock has a fifty day moving average price of $118.62 and a 200-day moving average price of $111.60.

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.