Howard Financial Services LTD. Buys Shares of 2,490 Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Howard Financial Services LTD. bought a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 2,490 shares of the company’s stock, valued at approximately $286,000.

Several other large investors have also modified their holdings of the stock. Howe & Rusling Inc. purchased a new position in Invesco Aerospace & Defense ETF in the 3rd quarter valued at $27,000. Glass Jacobson Investment Advisors llc boosted its holdings in shares of Invesco Aerospace & Defense ETF by 50.5% in the third quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock valued at $35,000 after acquiring an additional 102 shares in the last quarter. Eastern Bank acquired a new position in shares of Invesco Aerospace & Defense ETF during the third quarter worth about $46,000. Assetmark Inc. acquired a new position in shares of Invesco Aerospace & Defense ETF during the third quarter worth about $54,000. Finally, Continuum Advisory LLC raised its holdings in Invesco Aerospace & Defense ETF by 47.6% during the third quarter. Continuum Advisory LLC now owns 465 shares of the company’s stock worth $55,000 after purchasing an additional 150 shares in the last quarter.

Invesco Aerospace & Defense ETF Trading Up 0.7 %

Shares of PPA opened at $119.51 on Friday. The stock’s 50 day moving average is $117.95 and its two-hundred day moving average is $113.65. Invesco Aerospace & Defense ETF has a twelve month low of $89.17 and a twelve month high of $124.89. The firm has a market capitalization of $3.72 billion, a PE 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.