Marshall Investment Management LLC Takes $978,000 Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Marshall Investment Management LLC bought a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the fourth quarter, HoldingsChannel.com reports. The fund bought 8,504 shares of the company’s stock, valued at approximately $978,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in Invesco Aerospace & Defense ETF by 10,225.1% in the 3rd quarter. International Assets Investment Management LLC now owns 278,674 shares of the company’s stock valued at $32,039,000 after acquiring an additional 275,975 shares during the period. Janney Montgomery Scott LLC bought a new position in Invesco Aerospace & Defense ETF in the 3rd quarter valued at about $9,775,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Invesco Aerospace & Defense ETF in the 3rd quarter valued at about $9,263,000. National Bank of Canada FI raised its holdings in Invesco Aerospace & Defense ETF by 26.6% in the 3rd quarter. National Bank of Canada FI now owns 227,122 shares of the company’s stock valued at $26,112,000 after acquiring an additional 47,703 shares during the period. Finally, Transcendent Capital Group LLC bought a new position in Invesco Aerospace & Defense ETF in the 3rd quarter valued at about $3,434,000.

Invesco Aerospace & Defense ETF Stock Down 2.1 %

Invesco Aerospace & Defense ETF stock opened at $114.09 on Friday. The stock has a market cap of $4.58 billion, a P/E ratio of 27.41 and a beta of 0.96. Invesco Aerospace & Defense ETF has a twelve month low of $95.63 and a twelve month high of $124.89. The company’s 50-day moving average price is $117.82 and its two-hundred day moving average price is $116.20.

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.