Focus Financial Network Inc. Has $1.50 Million Stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Focus Financial Network Inc. grew its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 28.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,061 shares of the company’s stock after purchasing an additional 2,894 shares during the quarter. Focus Financial Network Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $1,498,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in Invesco Aerospace & Defense ETF by 10,225.1% in the third quarter. International Assets Investment Management LLC now owns 278,674 shares of the company’s stock valued at $32,039,000 after buying an additional 275,975 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF in the 3rd quarter valued at approximately $9,775,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Invesco Aerospace & Defense ETF in the 3rd quarter valued at approximately $9,263,000. Raymond James & Associates grew its holdings in shares of Invesco Aerospace & Defense ETF by 20.8% during the 3rd quarter. Raymond James & Associates now owns 292,618 shares of the company’s stock valued at $33,642,000 after purchasing an additional 50,360 shares during the last quarter. Finally, National Bank of Canada FI increased its position in Invesco Aerospace & Defense ETF by 26.6% during the 3rd quarter. National Bank of Canada FI now owns 227,122 shares of the company’s stock worth $26,112,000 after purchasing an additional 47,703 shares in the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of NYSEARCA:PPA opened at $120.10 on Wednesday. The firm has a 50 day simple moving average of $118.11 and a 200 day simple moving average of $115.58. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a one year low of $92.93 and a one year high of $124.89.

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.