MML Investors Services LLC Grows Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

MML Investors Services LLC grew its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 8.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,301 shares of the company’s stock after purchasing an additional 7,259 shares during the quarter. MML Investors Services LLC owned approximately 0.30% of Invesco Aerospace & Defense ETF worth $10,590,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PPA. Concourse Financial Group Securities Inc. increased its holdings in Invesco Aerospace & Defense ETF by 4.7% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 32,721 shares of the company’s stock valued at $4,014,000 after buying an additional 1,468 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Invesco Aerospace & Defense ETF by 4.6% in the 4th quarter. NewEdge Advisors LLC now owns 11,555 shares of the company’s stock valued at $1,326,000 after purchasing an additional 508 shares in the last quarter. Mariner LLC raised its holdings in Invesco Aerospace & Defense ETF by 10.6% in the 4th quarter. Mariner LLC now owns 12,150 shares of the company’s stock worth $1,394,000 after purchasing an additional 1,164 shares during the period. Savvy Advisors Inc. purchased a new position in Invesco Aerospace & Defense ETF during the fourth quarter worth approximately $211,000. Finally, Summit Investment Advisors Inc. grew its holdings in Invesco Aerospace & Defense ETF by 13.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,540 shares of the company’s stock valued at $406,000 after purchasing an additional 420 shares during the period.

Invesco Aerospace & Defense ETF Price Performance

Invesco Aerospace & Defense ETF stock opened at $113.40 on Wednesday. The stock has a market capitalization of $4.41 billion, a PE ratio of 27.45 and a beta of 0.82. The business has a 50 day simple moving average of $115.31 and a 200-day simple moving average of $117.27. Invesco Aerospace & Defense ETF has a 12 month low of $98.71 and a 12 month high of $124.89.

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.