Axxcess Wealth Management LLC Grows Holdings in Invesco Aerospace & Defense ETF $PPA

Axxcess Wealth Management LLC boosted its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 1.3% in the fourth quarter, HoldingsChannel reports. The firm owned 337,760 shares of the company’s stock after buying an additional 4,207 shares during the quarter. Invesco Aerospace & Defense ETF accounts for about 0.6% of Axxcess Wealth Management LLC’s holdings, making the stock its 24th largest holding. Axxcess Wealth Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $52,903,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PPA. Goldman Sachs Group Inc. lifted its position in shares of Invesco Aerospace & Defense ETF by 208.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,874 shares of the company’s stock worth $3,598,000 after buying an additional 20,869 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Invesco Aerospace & Defense ETF by 14.4% in the second quarter. JPMorgan Chase & Co. now owns 38,989 shares of the company’s stock valued at $5,524,000 after acquiring an additional 4,915 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF during the second quarter valued at approximately $318,000. Cerity Partners LLC increased its position in shares of Invesco Aerospace & Defense ETF by 24.6% during the second quarter. Cerity Partners LLC now owns 23,863 shares of the company’s stock valued at $3,384,000 after acquiring an additional 4,706 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its position in shares of Invesco Aerospace & Defense ETF by 19.9% during the second quarter. Qube Research & Technologies Ltd now owns 19,844 shares of the company’s stock valued at $2,812,000 after acquiring an additional 3,294 shares during the last quarter.

Invesco Aerospace & Defense ETF Trading Down 1.4%

Shares of Invesco Aerospace & Defense ETF stock opened at $175.31 on Friday. The firm has a market capitalization of $8.38 billion, a P/E ratio of 30.91 and a beta of 0.73. The business’s fifty day simple moving average is $171.40 and its 200 day simple moving average is $170.10. Invesco Aerospace & Defense ETF has a 12 month low of $133.95 and a 12 month 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.