Axxcess Wealth Management LLC Acquires 4,207 Shares of Invesco Aerospace & Defense ETF $PPA

Axxcess Wealth Management LLC grew its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 337,760 shares of the company’s stock after buying an additional 4,207 shares during the quarter. Invesco Aerospace & Defense ETF accounts for about 0.6% of Axxcess Wealth Management LLC’s holdings, making the stock its 24th biggest position. Axxcess Wealth Management LLC owned approximately 0.75% of Invesco Aerospace & Defense ETF worth $52,903,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PPA. Bank of America Corp DE boosted its stake in Invesco Aerospace & Defense ETF by 2.3% during the 3rd quarter. Bank of America Corp DE now owns 7,668,214 shares of the company’s stock valued at $1,192,024,000 after purchasing an additional 173,290 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco Aerospace & Defense ETF by 2,760.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,817,263 shares of the company’s stock worth $441,268,000 after purchasing an additional 2,718,777 shares during the last quarter. Morgan Stanley raised its stake in shares of Invesco Aerospace & Defense ETF by 1.3% in the fourth quarter. Morgan Stanley now owns 2,143,208 shares of the company’s stock worth $335,691,000 after purchasing an additional 27,624 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Invesco Aerospace & Defense ETF by 3.6% in the fourth quarter. LPL Financial LLC now owns 1,729,063 shares of the company’s stock valued at $270,823,000 after purchasing an additional 60,321 shares in the last quarter. Finally, UBS Group AG lifted its holdings in shares of Invesco Aerospace & Defense ETF by 5.9% in the third quarter. UBS Group AG now owns 825,841 shares of the company’s stock valued at $128,377,000 after purchasing an additional 46,319 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Down 1.4%

Shares of NYSEARCA:PPA opened at $175.31 on Friday. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 12-month low of $133.95 and a 12-month high of $186.30. The business’s 50 day moving average is $171.40 and its 200 day moving average is $170.10.

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.