Axxcess Wealth Management LLC Purchases 20,857 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Axxcess Wealth Management LLC raised its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 6.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 336,088 shares of the company’s stock after acquiring an additional 20,857 shares during the quarter. Invesco Aerospace & Defense ETF makes up approximately 0.9% of Axxcess Wealth Management LLC’s holdings, making the stock its 21st biggest position. Axxcess Wealth Management LLC owned approximately 1.08% of Invesco Aerospace & Defense ETF worth $34,523,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in Invesco Aerospace & Defense ETF by 4.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 76,317 shares of the company’s stock valued at $7,033,000 after buying an additional 3,386 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in Invesco Aerospace & Defense ETF during the fourth quarter worth about $229,000. PNC Financial Services Group Inc. boosted its position in Invesco Aerospace & Defense ETF by 4.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company’s stock valued at $490,000 after purchasing an additional 221 shares during the last quarter. UBS Group AG grew its stake in Invesco Aerospace & Defense ETF by 17.5% in the fourth quarter. UBS Group AG now owns 246,057 shares of the company’s stock valued at $22,677,000 after purchasing an additional 36,591 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Invesco Aerospace & Defense ETF by 32.4% during the 4th quarter. Wells Fargo & Company MN now owns 469,209 shares of the company’s stock worth $43,242,000 after purchasing an additional 114,843 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Up 0.4 %

Shares of Invesco Aerospace & Defense ETF stock opened at $112.15 on Tuesday. The stock has a market cap of $3.49 billion, a P/E ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 12-month low of $77.50 and a 12-month high of $113.60. The business’s 50 day moving average is $108.35 and its 200-day moving average is $104.20.

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.