Merit Financial Group Increases Stake in Invesco Aerospace & Defense ETF

Merit Financial Group LLC has boosted its investment in the Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 21.2% during the fourth quarter, as indicated by their latest report submitted to the Securities & Exchange Commission. Following this acquisition, the firm now holds 13,059 shares of the ETF after purchasing an additional 2,285 shares during this period. As per their most recent filing, the value of Merit Financial Group's holdings in the Invesco Aerospace & Defense ETF stands at approximately $1,498,000.

In addition to Merit Financial Group, several other significant investors have altered their positions in the Invesco Aerospace & Defense ETF. For instance, Howe & Rusling Inc. has taken a new position worth around $27,000 in the third quarter. Similarly, Glass Jacobson Investment Advisors LLC raised its stake by 50.5%, now owning 304 shares valued at $35,000 after acquiring an extra 102 shares. Eastern Bank also established a new position in the ETF valued at about $46,000, while Continuum Advisory LLC raised its stake by 47.6%, owning 465 shares worth $55,000 after purchasing an additional 150 shares. Lastly, Assetmark Inc. invested approximately $54,000 in a new position in the similarly relevant time frame.

Current Trading Status of Invesco Aerospace & Defense ETF

As of the latest trading day, the Invesco Aerospace & Defense ETF was priced at $119.51. The ETF's 50-day moving average is currently $117.85 and its 200-day moving average is $113.91. Over the past year, the ETF has seen a low of $89.17 and a high of $124.89, with a market capitalization totaling $3.72 billion. The ETF has a price-to-earnings (PE) ratio of 33.87 and a beta value of 0.73, reflecting its performance in comparison to the overall market.

About Invesco Aerospace & Defense ETF

The Invesco Aerospace & Defense ETF is designed to track investment results that correspond to the price and yield of the SPADE Defense Index, which focuses on companies involved in the development, production, operations, and support of aerospace and defense initiatives within the United States.

Importance of Following Institutional Investments

Understanding the movements of institutional investors can offer valuable insights into market trends and investment strategies. For those interested in tracking the latest changes in holdings related to the Invesco Aerospace & Defense ETF, resources are available to monitor the latest 13F filings and insider trades.

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