Raymond James Financial Services Advisors Inc. Grows Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Raymond James Financial Services Advisors Inc. lifted its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 243.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,311 shares of the company’s stock after purchasing an additional 147,710 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.89% of Invesco Aerospace & Defense ETF worth $19,198,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PPA. Bank of America Corp DE lifted its stake in shares of Invesco Aerospace & Defense ETF by 26.9% during the first quarter. Bank of America Corp DE now owns 1,523,866 shares of the company’s stock worth $122,747,000 after purchasing an additional 322,581 shares in the last quarter. CI Private Wealth LLC bought a new position in shares of Invesco Aerospace & Defense ETF in the fourth quarter valued at $18,358,000. Morgan Stanley lifted its holdings in shares of Invesco Aerospace & Defense ETF by 21.8% during the fourth quarter. Morgan Stanley now owns 1,119,246 shares of the company’s stock valued at $87,749,000 after purchasing an additional 200,569 shares during the last quarter. Capital Asset Advisory Services LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF during the third quarter valued at approximately $14,483,000. Finally, Axxcess Wealth Management LLC lifted its holdings in shares of Invesco Aerospace & Defense ETF by 219.3% in the third quarter. Axxcess Wealth Management LLC now owns 229,932 shares of the company’s stock valued at $18,349,000 after purchasing an additional 157,931 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Down 0.1 %

Shares of NYSEARCA:PPA opened at $101.57 on Friday. The firm has a market capitalization of $2.38 billion, a P/E ratio of 24.91 and a beta of 0.98. Invesco Aerospace & Defense ETF has a 12-month low of $77.17 and a 12-month high of $101.88. The firm has a fifty day moving average of $95.99 and a two-hundred day moving average of $89.21.

Invesco Aerospace & Defense ETF Company 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.