Tower Research Capital LLC TRC Purchases 4,420 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Tower Research Capital LLC TRC lifted its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 2,055.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,635 shares of the company’s stock after buying an additional 4,420 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Invesco Aerospace & Defense ETF were worth $532,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PPA. Runnymede Capital Advisors Inc. bought a new position in shares of Invesco Aerospace & Defense ETF during the 4th quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Invesco Aerospace & Defense ETF by 41.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 584 shares of the company’s stock valued at $67,000 after purchasing an additional 172 shares in the last quarter. Assetmark Inc. boosted its position in Invesco Aerospace & Defense ETF by 29.9% during the fourth quarter. Assetmark Inc. now owns 608 shares of the company’s stock valued at $70,000 after purchasing an additional 140 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its position in Invesco Aerospace & Defense ETF by 29.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 637 shares of the company’s stock valued at $73,000 after purchasing an additional 146 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in Invesco Aerospace & Defense ETF by 15.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 639 shares of the company’s stock valued at $74,000 after purchasing an additional 87 shares in the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of PPA stock opened at $120.50 on Tuesday. Invesco Aerospace & Defense ETF has a 1-year low of $100.39 and a 1-year high of $124.89. The stock’s 50-day moving average is $115.41 and its 200 day moving average is $117.33. The company has a market cap of $4.69 billion, a P/E ratio of 27.45 and a beta of 0.82.

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.