Kovack Advisors Inc. Boosts Holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Kovack Advisors Inc. boosted its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 6.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,636 shares of the company’s stock after buying an additional 150 shares during the quarter. Kovack Advisors Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PPA. BNP Paribas Financial Markets bought a new position in shares of Invesco Aerospace & Defense ETF in the first quarter worth about $233,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Invesco Aerospace & Defense ETF in the 1st quarter worth approximately $241,000. SG Americas Securities LLC bought a new stake in Invesco Aerospace & Defense ETF during the 1st quarter worth approximately $383,000. Kingsview Wealth Management LLC lifted its holdings in Invesco Aerospace & Defense ETF by 27.4% during the first quarter. Kingsview Wealth Management LLC now owns 3,165 shares of the company’s stock valued at $321,000 after purchasing an additional 681 shares in the last quarter. Finally, Blair William & Co. IL boosted its position in shares of Invesco Aerospace & Defense ETF by 1,770.7% in the first quarter. Blair William & Co. IL now owns 8,549 shares of the company’s stock worth $868,000 after purchasing an additional 8,092 shares during the period.

Invesco Aerospace & Defense ETF Price Performance

Shares of NYSEARCA PPA opened at $117.67 on Friday. The stock has a market cap 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 $85.89 and a 1 year high of $124.89. The firm has a fifty day moving average price of $116.11 and a 200-day moving average price of $109.37.

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.