Modern Wealth Management LLC Acquires Shares of 89,910 Invesco Aerospace & Defense ETF $PPA

Modern Wealth Management LLC bought a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the 3rd quarter, HoldingsChannel reports. The fund bought 89,910 shares of the company’s stock, valued at approximately $13,976,000.

Several other institutional investors have also recently made changes to their positions in PPA. Benjamin Edwards Inc. boosted its stake in shares of Invesco Aerospace & Defense ETF by 1.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 5,724 shares of the company’s stock worth $891,000 after purchasing an additional 69 shares during the period. National Wealth Management Group LLC raised its position in Invesco Aerospace & Defense ETF by 1.3% in the 2nd quarter. National Wealth Management Group LLC now owns 5,445 shares of the company’s stock worth $772,000 after purchasing an additional 71 shares during the period. Smith Moore & CO. raised its position in Invesco Aerospace & Defense ETF by 3.4% in the 2nd quarter. Smith Moore & CO. now owns 2,347 shares of the company’s stock worth $333,000 after purchasing an additional 77 shares during the period. BOK Financial Private Wealth Inc. lifted its stake in Invesco Aerospace & Defense ETF by 84.2% in the third quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock worth $27,000 after purchasing an additional 80 shares during the last quarter. Finally, Fortis Capital Advisors LLC lifted its stake in Invesco Aerospace & Defense ETF by 3.3% in the third quarter. Fortis Capital Advisors LLC now owns 2,539 shares of the company’s stock worth $395,000 after purchasing an additional 81 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of NYSEARCA:PPA opened at $180.76 on Friday. The firm has a market capitalization of $8.10 billion, a PE ratio of 30.91 and a beta of 0.87. The business has a 50 day simple moving average of $174.65 and a two-hundred day simple moving average of $160.15. Invesco Aerospace & Defense ETF has a 1 year low of $100.39 and a 1 year high of $186.30.

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. 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.