GPS Wealth Strategies Group LLC Raises Position in Invesco Aerospace & Defense ETF $PPA

GPS Wealth Strategies Group LLC raised its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 8.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,609 shares of the company’s stock after buying an additional 344 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Invesco Aerospace & Defense ETF were worth $653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PPA. Kestra Advisory Services LLC boosted its position in Invesco Aerospace & Defense ETF by 563.3% in the 1st quarter. Kestra Advisory Services LLC now owns 270,057 shares of the company’s stock valued at $31,475,000 after buying an additional 229,345 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Invesco Aerospace & Defense ETF in the 2nd quarter valued at approximately $20,984,000. Quaker Wealth Management LLC boosted its position in Invesco Aerospace & Defense ETF by 202.4% in the 2nd quarter. Quaker Wealth Management LLC now owns 52,694 shares of the company’s stock valued at $7,466,000 after buying an additional 104,139 shares during the period. Norden Group LLC purchased a new position in Invesco Aerospace & Defense ETF in the 2nd quarter valued at approximately $6,645,000. Finally, Cetera Investment Advisers boosted its position in Invesco Aerospace & Defense ETF by 16.3% in the 1st quarter. Cetera Investment Advisers now owns 279,660 shares of the company’s stock valued at $32,594,000 after buying an additional 39,268 shares during the period.

Invesco Aerospace & Defense ETF Stock Down 0.9%

Shares of PPA stock opened at $153.99 on Thursday. Invesco Aerospace & Defense ETF has a 52 week low of $100.39 and a 52 week high of $160.37. The stock has a market capitalization of $6.69 billion, a PE ratio of 30.91 and a beta of 0.87. The firm has a 50 day moving average of $153.26 and a two-hundred day moving average of $142.77.

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.