Invesco Aerospace & Defense ETF $PPA Stock Position Lifted by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC boosted its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 1.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 337,760 shares of the company’s stock after purchasing an additional 4,207 shares during the period. Axxcess Wealth Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $52,903,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PPA. Goldman Sachs Group Inc. grew its position in Invesco Aerospace & Defense ETF by 208.6% during the first quarter. Goldman Sachs Group Inc. now owns 30,874 shares of the company’s stock valued at $3,598,000 after purchasing an additional 20,869 shares in the last quarter. JPMorgan Chase & Co. grew its position in Invesco Aerospace & Defense ETF by 14.4% during the second quarter. JPMorgan Chase & Co. now owns 38,989 shares of the company’s stock valued at $5,524,000 after purchasing an additional 4,915 shares in the last quarter. Walleye Capital LLC purchased a new position in Invesco Aerospace & Defense ETF during the second quarter valued at approximately $318,000. Cerity Partners LLC grew its position in Invesco Aerospace & Defense ETF by 24.6% during the second quarter. Cerity Partners LLC now owns 23,863 shares of the company’s stock valued at $3,384,000 after purchasing an additional 4,706 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in Invesco Aerospace & Defense ETF by 19.9% during the second quarter. Qube Research & Technologies Ltd now owns 19,844 shares of the company’s stock valued at $2,812,000 after purchasing an additional 3,294 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA opened at $167.93 on Friday. The company’s 50 day moving average price is $170.24 and its 200 day moving average price is $166.97. Invesco Aerospace & Defense ETF has a 52 week low of $128.11 and a 52 week high of $186.30. The company has a market capitalization of $8.03 billion, a PE ratio of 30.91 and a beta of 0.72.

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. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.