Spire Wealth Management Purchases 2,494 Shares of Invesco Aerospace & Defense ETF $PPA

Spire Wealth Management grew its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 70.9% in the second quarter, HoldingsChannel.com reports. The firm owned 6,012 shares of the company’s stock after acquiring an additional 2,494 shares during the period. Spire Wealth Management’s holdings in Invesco Aerospace & Defense ETF were worth $852,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PPA. Brookstone Capital Management boosted its position in shares of Invesco Aerospace & Defense ETF by 14.6% during the first quarter. Brookstone Capital Management now owns 14,371 shares of the company’s stock worth $1,675,000 after acquiring an additional 1,834 shares during the last quarter. Strategic Blueprint LLC boosted its position in shares of Invesco Aerospace & Defense ETF by 75.1% during the first quarter. Strategic Blueprint LLC now owns 9,672 shares of the company’s stock worth $1,127,000 after acquiring an additional 4,149 shares during the last quarter. Capital Investment Advisory Services LLC boosted its position in shares of Invesco Aerospace & Defense ETF by 15.6% during the first quarter. Capital Investment Advisory Services LLC now owns 8,197 shares of the company’s stock worth $955,000 after acquiring an additional 1,106 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of Invesco Aerospace & Defense ETF during the first quarter worth $423,000. Finally, Riggs Asset Managment Co. Inc. raised its stake in Invesco Aerospace & Defense ETF by 2.1% during the first quarter. Riggs Asset Managment Co. Inc. now owns 28,285 shares of the company’s stock valued at $3,297,000 after purchasing an additional 588 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Up 0.5%

Invesco Aerospace & Defense ETF stock opened at $157.87 on Friday. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 30.91 and a beta of 0.87. The firm’s fifty day moving average is $152.80 and its 200 day moving average is $141.93. Invesco Aerospace & Defense ETF has a 52-week low of $100.39 and a 52-week high of $160.37.

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.