Janney Montgomery Scott LLC Increases Stake in Invesco Aerospace & Defense ETF

Janney Montgomery Scott LLC has raised its investment in the Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 7.8% during the fourth quarter of the previous financial year, according to reports from Holdings Channel.com. After acquiring an additional 6,648 shares, the institutional investor now holds a total of 91,667 shares of this ETF. At the time of their latest filing with the Securities and Exchange Commission, Janney Montgomery Scott LLC's total holdings in the Invesco Aerospace & Defense ETF were valued at approximately $10,517,000.

Alongside Janney Montgomery Scott LLC, several other institutional investors and hedge funds have also made recent transactions involving shares of the Invesco Aerospace & Defense ETF. For instance, International Assets Investment Management LLC significantly increased its holdings by 10,225.1% during the third quarter. This firm now owns 278,674 shares, equivalent to a value of $32,039,000, after purchasing an additional 275,975 shares during that quarter. Similarly, Mirae Asset Global Investments Co. Ltd. initiated a new position in the ETF last third quarter, valued around $9,263,000.

Raymond James & Associates also raised its holdings in the Invesco Aerospace & Defense ETF by 20.8% during the same quarter, bringing their total to 292,618 shares, valued at $33,642,000. In addition, National Bank of Canada FI expanded its position in this ETF by 26.6%, now possessing 227,122 shares valued at $26,112,000 after acquiring an additional 47,703 shares in the last quarter. Lastly, Transcendent Capital Group LLC purchased a new stake in the Invesco Aerospace & Defense ETF valued at approximately $3,434,000 during the third quarter.

Invesco Aerospace & Defense ETF Market Performance

As of Tuesday, the stock of the Invesco Aerospace & Defense ETF opened at $120.31. The 50-day simple moving average for this ETF stands at $118.02, while the 200-day simple moving average is $114.46. Over the past year, the ETF has reached a low of $90.67 and a high of $124.89. Currently, the ETF has a market capitalization of $3.75 billion, a price-to-earnings (P/E) ratio of 33.87, and a beta of 0.73, indicating its relative volatility in the market.

Overview of Invesco Aerospace & Defense ETF

The Invesco Aerospace & Defense ETF aims to replicate the price and yield performance of the SPADE Defense Index. This index focuses on companies that are involved in the development, manufacturing, operations, and support associated with the United States defense, homeland security, and aerospace sectors.

Explore Further

• Top Alternatives to Invesco Aerospace & Defense ETF
• Understanding the Importance of Compound Interest in Investments
• Analyzing Opportunities for NVIDIA Investors
• Investing in Transportation Stocks
• Examining DeepSeek's Competition with NVIDIA in AI
• Introduction to Dividend Challengers
• Notable M&A Stock Opportunities for 2025

Curious about other hedge funds holding shares of PPA? Visit HoldingsChannel.com for the latest 13F filings and insider trades related to the Invesco Aerospace & Defense ETF (NYSEARCA:PPA).

Stay Informed with Daily News and Ratings - Subscribe below to receive concise daily updates on the latest news and analysts’ ratings related to the Invesco Aerospace & Defense ETF and associated companies.

Investment, Shares, ETF