Kingswood Wealth Advisors LLC Takes Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Kingswood Wealth Advisors LLC acquired a new position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,119 shares of the company’s stock, valued at approximately $423,000.

Several other large investors also recently added to or reduced their stakes in the business. Beacon Capital Management LLC lifted its stake in Invesco Aerospace & Defense ETF by 31.6% during the first quarter. Beacon Capital Management LLC now owns 416 shares of the company’s stock worth $42,000 after purchasing an additional 100 shares during the last quarter. New England Private Wealth Advisors LLC boosted its stake in Invesco Aerospace & Defense ETF by 0.3% in the fourth quarter. New England Private Wealth Advisors LLC now owns 39,671 shares of the company’s stock worth $3,656,000 after buying an additional 136 shares in the last quarter. Arkadios Wealth Advisors grew its position in Invesco Aerospace & Defense ETF by 2.0% during the first quarter. Arkadios Wealth Advisors now owns 7,269 shares of the company’s stock valued at $738,000 after acquiring an additional 140 shares during the last quarter. Allworth Financial LP raised its stake in shares of Invesco Aerospace & Defense ETF by 13.4% during the fourth quarter. Allworth Financial LP now owns 1,692 shares of the company’s stock worth $156,000 after acquiring an additional 200 shares in the last quarter. Finally, Jacobi Capital Management LLC lifted its holdings in shares of Invesco Aerospace & Defense ETF by 2.4% in the 1st quarter. Jacobi Capital Management LLC now owns 9,042 shares of the company’s stock worth $918,000 after acquiring an additional 209 shares during the last quarter.

Invesco Aerospace & Defense ETF Trading Up 0.3 %

Shares of NYSEARCA:PPA traded up $0.35 on Wednesday, reaching $104.48. 145,087 shares of the company traded hands, compared to its average volume of 147,249. Invesco Aerospace & Defense ETF has a 52 week low of $77.50 and a 52 week high of $110.26. The business’s 50-day simple moving average is $104.49 and its 200 day simple moving average is $100.86. The stock has a market capitalization of $3.25 billion, a P/E ratio of 33.87 and a beta of 0.73.

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.