Naples Money Management LLC Purchases New Stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Naples Money Management LLC acquired a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,000 shares of the company’s stock, valued at approximately $184,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Prime Capital Investment Advisors LLC lifted its holdings in Invesco Aerospace & Defense ETF by 5.9% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 4,669 shares of the company’s stock worth $430,000 after purchasing an additional 262 shares during the last quarter. Total Clarity Wealth Management Inc. boosted its position in shares of Invesco Aerospace & Defense ETF by 4.1% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 4,710 shares of the company’s stock valued at $434,000 after acquiring an additional 184 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Invesco Aerospace & Defense ETF by 37.0% in the third quarter. PNC Financial Services Group Inc. now owns 5,095 shares of the company’s stock valued at $407,000 after acquiring an additional 1,375 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Invesco Aerospace & Defense ETF by 243.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 208,311 shares of the company’s stock worth $19,198,000 after acquiring an additional 147,710 shares during the period. Finally, Arkadios Wealth Advisors raised its stake in Invesco Aerospace & Defense ETF by 53.6% in the 4th quarter. Arkadios Wealth Advisors now owns 7,129 shares of the company’s stock worth $657,000 after purchasing an additional 2,488 shares in the last quarter.

Invesco Aerospace & Defense ETF Trading Up 0.2 %

NYSEARCA PPA traded up $0.20 during trading on Friday, reaching $98.31. The company’s stock had a trading volume of 143,603 shares, compared to its average volume of 159,396. The firm has a 50 day moving average price of $98.45 and a 200 day moving average price of $91.18. Invesco Aerospace & Defense ETF has a 12 month low of $77.17 and a 12 month high of $102.00. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 32.35 and a beta of 0.76.

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.