Assetmark Inc. Buys 68,211 Shares of Invesco Aerospace & Defense ETF $PPA

Assetmark Inc. raised its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 8,939.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,974 shares of the company’s stock after purchasing an additional 68,211 shares during the period. Assetmark Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $11,429,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Independent Financial Group LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF during the 1st quarter valued at approximately $2,119,000. Prosperity Consulting Group LLC grew its stake in Invesco Aerospace & Defense ETF by 2.9% in the 1st quarter. Prosperity Consulting Group LLC now owns 60,323 shares of the company’s stock valued at $9,996,000 after buying an additional 1,710 shares in the last quarter. Ridgeline Wealth Planning LLC purchased a new position in Invesco Aerospace & Defense ETF in the 1st quarter valued at approximately $210,000. Bank of New York Mellon Corp grew its stake in Invesco Aerospace & Defense ETF by 62.6% in the 1st quarter. Bank of New York Mellon Corp now owns 2,103 shares of the company’s stock valued at $348,000 after buying an additional 810 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in Invesco Aerospace & Defense ETF by 25.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,894 shares of the company’s stock valued at $645,000 after acquiring an additional 800 shares during the period.

Invesco Aerospace & Defense ETF Price Performance

NYSEARCA:PPA opened at $167.83 on Tuesday. The company has a market cap of $7.92 billion, a P/E ratio of 30.91 and a beta of 0.73. The stock’s fifty day moving average price is $172.81 and its two-hundred day moving average price is $173.15. Invesco Aerospace & Defense ETF has a 1 year low of $142.07 and a 1 year high of $186.30.

About Invesco Aerospace & Defense ETF

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.